In 2011, the prices of the global basic nonferrous metals market were generally weak, with copper and tin performing relatively well. So, how is the copper price interpreted in 2012? Experts believe that overall, it is expected that the global basic non-ferrous metal market may remain weak in 2012, showing the characteristics of first suppression and then rising. Among them, copper may still be the most powerful non-ferrous variety. Lead, zinc, tin, nickel and other varieties are relatively weak.

 

In 2011, the prices of copper and tin reached historical highs of US $ 10,190 / ton and US $ 33,600 / ton in the first quarter. However, since the second quarter, global non-ferrous metal prices, including copper and tin, have weakened all the way. Among them, the international copper price represented by LME (London Metal Exchange) March copper futures performed a wave of roller coaster prices in 2011. In mid-February, the three-month copper price of LME hit a record high of US $ 10,190 / ton, but the rally failed to continue, and the shock weakened thereafter. In September, due to the debt crisis in Europe and the United States, the global economic recovery was in trouble, and the prices of non-ferrous metals fluctuated violently. In October, the price of copper dropped to a low of US $ 6,635 / tonne for the year, and it is currently maintained at around US $ 7,800 / tonne.

 

Looking forward to the basic non-ferrous metal market in 2012, under the background of uncertain factors such as the poor prospects for global economic recovery, the possible slowdown of China's economic growth, and the growing complexity of the European debt crisis, the market supply and demand relationship may gradually develop in a loose direction, of which Copper is still probably the strongest non-ferrous variety, while aluminum, lead, zinc, tin, nickel and other varieties are relatively weak. On the whole, it is expected that the global basic non-ferrous metal market may remain weak in 2012, showing the characteristics of first suppression and then rising.