China Metals Report 2016 - Business Monitor International - Industry Reports

China Metals Report 2016

China Metals Report 2016 - Business Monitor International - Industry Reports
China Metals Report 2016
Published Dec 19, 2015
35 pages — Published Dec 19, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We have revised down our average aluminium price forecast for ---- to USD-,---/tonne. Although prices will bottom in Q----Q---, production will outstrip consumption until ---- and anchor prices. ...A ramp up of government purchases of refined metal from domestic producers is also possible. According to news agencies, the China Nonferrous Metals Industry Association (CNMIA) has approached the National Development and Reform Commission (NDRC) in a request for state support for the metals refining sector, including aluminium. In particular, the CNMIA is reported to be pushing for a state purchase of around -.-mn tonnes of aluminium (circa -.- of ---- national production) from domestic smelters. ...We expect Chinese aluminium exports to grow further over the coming quarters and continue to act as a significant drag on global prices. Rising exports should continue to take the form of unwrought aluminium and products, after this category of shipments grew by --.- y-o-y over the first nine months of the year.

...Weak iron ore prices will continue to support steel producer margins, despite falling prices. ...Consolidation will gather pace after ----, as there will be significant reluctance to close down steel mills and reduce workforce at a time of generally slowing economic growth. Furthermore, increasing trade tensions within the global market, due to accusations of Chinese steel dumping, will pressure the Chinese government to scale back domestic steel production and exports over the coming years. In light of the above, we have revised down our production growth figures for China for ---------. ...Over the first eight months of ----, Chinese steel exports rose --.- to --.-mn tonnes. However, we expect China s steel exports will peak over ---- and trend lower thereafter for two key reasons:

...We have revised down our average aluminium price forecast for ---- to USD-,---/tonne. Although prices will bottom in Q----Q---, production will outstrip consumption until ---- and anchor prices. ...Primary output grew by --.- in the first nine months of the year, according to Bloomberg. We expect this growth to slow substantially in the coming quarters and forecast output to grow by -.- in ----, A continued ban on exports of bauxite from Indonesia will not derail growth in Chinese smelting capacity. While Indonesian bauxite shipments to China dwindled from a monthly peak of -.-mn tonnes in January ---- to nothing in ----, other countries have stepped in to fill the void. ...

  
Source:
Document ID
2040-6762
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "China Metals Report 2016" Dec 19, 2015. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Metals-Report-2016-2026-854>
  
APA:
Business Monitor International - Industry Reports. (2015). China Metals Report 2016 Dec 19, 2015. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/China-Metals-Report-2016-2026-854>
  
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