A variety of indications that the recent domestic non-ferrous metal consumption is slowing. This is reflected in: 1) including aluminum, copper, zinc, etc., the main smelting product output growth slowed down significantly; 2) imports continue to fall; 3) domestic spot abundant, domestic and foreign prices generally lower.
We expect the European debt crisis is difficult to resolve in the short term, coupled with the rise in risk aversion, the dollar is expected to continue to strengthen. At the same time, as investors are still expected to macro-control in China, which will inhibit the trend of basic metals prices. The gold is expected to become a safe haven again, we are optimistic about the short-term trend of gold.
At the same time, with China's advantages of rare earth, antimony, tungsten, molybdenum and other small metals is expected to benefit from industry consolidation, prices will continue to remain strong.