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Metal prices are soaring since 2017 beginning-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
9/13/2017 有色金属展-Copper exhibition -non-ferrous metals expo |
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Financial Express reported that global commodity indices have remained range-bound since the beginning of 2017. This can largely be attributed to softness in the crude prices during the first half of 2017, which has pulled down overall indices. On the other hand, the non ferrous metal segment has seen a sharp appreciation in prices in the last few months, due to macroeconomic improvements as well as certain sector-specific factors. The prices of commodities such as copper and aluminium were supported by supply-related reforms and disruptions in the industry, stable demand and a weakening dollar.
Copper prices have sharply appreciated throughout the second quarter of CY2017. Year to date, the prices have moved up by 16%. On an annual basis, the average copper prices for the first seven months in 2017 stood at $5,810 per tonne, marking an increase of 23% year-on-year. Aluminium prices have appreciated gradually during the first quarter of 2017, with year-to-date price appreciation of 14%. On an annual basis, the average LME aluminium prices for the first seven months of 2017 stood at $1,890 per tonne, marking an increase of 21% year-on-year.
-2018 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
-Non-Ferrous Metal exhibition, 2018
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