Montreal: copper 2019 is a shortage of nickel aluminum zinc will be|plumbing pipes

 

 

 

BMO expects this year's 411,000 tons of excess copper supply, excess supply 623,000 tonnes in 2015.
Based on fundamentals, it predicts that by 2018, the copper market is that supply of 2016 711,000 tonnes of excess copper in 2017, 595,000 tonnes, 2018 172.000 tons of supply shortage until 2019.
However, the surplus might be relatively moderate, will demand 3%. Therefore, copper prices fall slightly Montreal is expected in 2016 to $ 2.90 per pound (or about $ 6393/ton).
Copper prices below cost line has been going on for many years. In the short run and supply shortage will appear on nickel, aluminum, lead, and zinc.
Copper supplies are expected to increase from 17.9 million tonnes in 2013 to 2016 21.9 million tons, because of weak demand.
The Bank said: "China is still the world's largest consumer, although there is room for growth there, but due to controls on overcapacity in heavy industry, the growth will slow down, and in the long run, countries in Asia and Latin America will lead and advance to the next round of the cycle. 

BMO expects this year's 411,000 tons of excess copper supply, excess supply 623,000 tonnes in 2015.

 

Based on fundamentals, it predicts that by 2018, the copper market is that supply of 2016 711,000 tonnes of excess copper in 2017, 595,000 tonnes, 2018 172.000 tons of supply shortage until 2019.

 

However, the surplus might be relatively moderate, will demand 3%. Therefore, copper prices fall slightly Montreal is expected in 2016 to $ 2.90 per pound (or about $ 6393/ton).

 

Copper prices below cost line has been going on for many years. In the short run and supply shortage will appear on nickel, aluminum, lead, and zinc.

 

Copper supplies are expected to increase from 17.9 million tonnes in 2013 to 2016 21.9 million tons, because of weak demand.

 

The Bank said: "China is still the world's largest consumer, although there is room for growth there, but due to controls on overcapacity in heavy industry, the growth will slow down, and in the long run, countries in Asia and Latin America will lead and advance to the next round of the cycle. 

 

 

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