Chongqing metal prices Auto industry pressures with – Slurry Pumps ELM Series –
March 23, from London Metal Exchange data show that in February the average spot price of copper per ton of 3247 U.S. dollars, up 2.35% more than in January, up 18% over last year. Since last June, the international market price of copper has been 9 consecutive months of increases. At present, the international market, six kinds of general price inflation in non-ferrous metals, copper, aluminum and other metals are nearly 10 years, the highest price. Affected by this, Chongqing, with steel and aluminum as the main raw material cost of automobile and motorcycle manufacturing companies rose sharply, while exports of metals because of the sharp price increases in metals prices and fast recovery, the overall show mixed situation.
Hi, Chongqing metal recovery in exports
"Aluminum prices from 12,000 yuan per ton rose to 18,000 yuan, we now export volume has been restored to the financial crisis by 78 percent of a level before." Talking about the financial crisis in this metal exports, Chongqing, the largest metal into the Export trader Minmetals Machinery Import & Export Co., Ltd. Yuan Chang-yu, chairman of the rising costs Allard Auto 1 as a "roller coaster ride of a return."
Yuan Chang-yu said that in June 2008 after the outbreak of the financial crisis, a variety of non-ferrous metal prices fell sharply for many metallic mineral raw materials import and export trade engaged in foreign trade companies complain incessantly, "From August 2008, we have the original steel, copper , aluminum, silver and other metals on all import and export trade stopped. the first half of the ordinary domestic steel price still 6,000 yuan / ton, the second half fell to 3,000 yuan / ton; copper prices from 8000 U.S. dollars / ton quickly dropped to 3,000 U.S. dollars / t; zinc fall in price even more outrageous, from the earlier 4000 ~ 5000 U.S. dollars / ton in 1992, fell back to the level of 1000 U.S. dollars / ton. "One day a price too much for metal prices to foreign trade companies, in order to reduce losses, many enterprises to stop trade, even at the cost of liquidated damages breach of contract damages.
"Metal in the export moratorium stopped by more than eight months." Yuan Chang Yu said that, until May 2009, with the economic recovery and metal prices in international markets have rebounded, Chongqing metal exports began to slowly resume. But the export volume is only the original 23 into the left can only be a small rebound. Since October last year, the international metal prices rebounded into the fast lane. From then until the present, more than four months, aluminum prices from 12,000 yuan / ton rose to 18,000 yuan / ton. Prices which greatly boosted the manufacturing enterprises and export enterprises enthusiasm. From outside the city Economic and Trade Commission data show that 1 in February this year, exports rose in Chongqing metals 45%, truly a reversal, in which aluminum exports 020 million U.S. dollars, up by 1.4 times; iron and steel products exported 64.25 million U.S. dollars, an increase of 8.2%.
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