Non-ferrous metals in the near future will rise in price
Non-ferrous metals will not go up in the near future.
This opinion was expressed by analysts of the brokerage company «Phillip Futures» — American
branch of one of the world’s biggest office brokers «by Phillip capital Australia».
In particular, its representative — market expert Coeur
Chun Yang in an interview with reporters, said: «Investment funds now
more interested to work with commodities, and securities. In
view of this, the interest in non-ferrous metals (from the point of view of capital investment for
his multiplication) operators of stock exchanges significantly went pale. In addition,
Asian trading floors — instead of the expected rush on the occasion of the end
Chinese new year celebrations — any bright activity in the past few days not
was observed. These trends may indicate that the dynamics
development of China’s economy is likely to continue the tradition in 2012 (with a relatively
at a moderate rate of progress). In this regard, we can assume that in
short term, very large contracts from the PRC should be expected.
Therefore, other players in the market will likely take a wait and see position
why prices on non — ferrous metals- with high probability — will
adhere to the actual exchange rate today (without pronounced
„bullish“ or „bearish“ trends) and there will be even more prone to depreciation,
than the price».
The position of the experts «Phillip Futures» share and
other analysts of the market of nonferrous metals. So the expert of «INTL FCStone» (new York)
Edward Meyer noted that operators of trading platforms in China returned to work
places without a positive attitude, and such an atmosphere will surely occur
some time. «Except for the lack of optimism among Chinese traders, prospects
the development of the market of non-ferrous metals holding back macroeconomic indicators for the EU
and America, which is still far from stability» — commented
However, experts believe that «clearance» for the sector
non-ferrous metals is not far off. For example, experts from the financial
conglomerate Deutsche Bank believe that the depressed market Outlook will change
on rosy predictions very soon. In their opinion, copper prices, Nickel,
aluminum and other resources will begin to confidently move to high levels in