Trends of Nickel and copper show a confident positive dynamics
The quotations of copper and Nickel in the near future
clear prospects — according to analysts of the market of nonferrous metals. At
until the end of the year the situation with the balance of production /
consumption of these metals will contribute to a stable increase in the prices of these
resources.
In particular, relative to the cost of Nickel experts
sure current trend (and it is only at the end of January showed price growth
7.3 per cent) is not due to speculation of traders (which occurred earlier), and the real
a situation where the assessment of the exchange of lots based on demand growth
metal. While analysts expect such sentiments in the market remain relatively
for a long time. The reason is that this year, the world production of alloys
which Nickel participate as alloying element will increase, as
low, 4.5% (that will contribute to a steady reduction
inventory of metal — in contrast to last year — and certainly
will affect the progress of prices in the sector). «The present value of cash metal
(at the level above 18.5 thousand USD on the LME for the 5th of Feb) even allows businesses
with a high threshold of profitability to operate at a profit» — on the current
the situation of the market experts. «And if the price continues the upward movement, the industry, the victim
from a prolonged recession, will recover in the shortest possible time» — experts say.
Regarding copper demand expectations
similar. So in the financial conglomerate HSBC Holdings (London, UK)
the level of sales of the red metal in 2013 will grow by 4.3% and
average annual price will be 8ths. USD per ton. Now copper
trading on the LME at $ 8, thousand 23 per 1,000 pounds, and in the behavior of copper
indexes steadily upward for several consecutive days, the stock experts
anticipate obvious hints active «rally».
We will remind: last year, analysts ' assumptions
for 2013 (concerning the price of copper) was more pessimistic in nature. In
particular, the majority of experts forecast an average price of red
metal in the corridor between 7.5 and 7.8 thousands of U.S. dollars per ton.