The biggest challenge for non-ferrous metals in 2012 is overcapacity

The high level of overnight deposits of the European Central Bank shows that the liquidity in the market has not eased. Although the short-term Treasury bonds in Italy have been successfully auctioned, investors are still worried about whether the long-term Treasury bond auctions can be successfully sold. Such fears have weighed on the commodity market. In the case of weak fundamentals, the trend is lower, but the bottom cost support is strong and the space below is limited.

PE market: The market is generally stable. LLDPE market as part of the petrochemical pricing rose, led the market to stabilize the search, but the downstream factory to accept the general, market transactions improve little, the domestic mainstream quoted at 9200-9500 yuan / ton.

PP market: The PP market in the spot market is normal. At the end of the month, there is not much supply of the market resources. Most traders have small inventories. There are small amounts of RMB 50/ton for quotations. The whole day is mainly market volatility, and most market participants are The willingness to wait and see before is stronger.

ABS market: steady increase, business mentality is acceptable. The current market price rose by 50 yuan/ton, and there was no obvious improvement in end-user demand. Most of the orders were purchased on a single basis.

PVC market: Demand is low and the market is down. Downstream demand is unlikely to improve, coupled with the approaching the end of the year, leading to PVC** hard to break through. According to statistics from a number of domestic agencies, the inventory of new houses in first-tier cities has risen sharply, and the supply of new houses will increase in the next year, which will be a repressive effect on the future price of PVC. Although recently, due to seasonal factors and other reasons, many economic data in the United States have sent signals that they seem to be improving, but if viewed from an overall perspective, after nearly three years of the financial crisis, Washington’s policy makers handed over The economic report did not pass the test: The revised GDP growth rate in the third quarter was recently revised down to only 2%. In the first half of the year, the U.S. economic growth rate was only 0.9%. The report released this month by the United Nations predicts that the U.S. economy may become the next two years. It only increased by about 1.3%.

Some analysts indicated that the market itself was relatively severe in 2011. The European debt crisis and macro-control issues still shrouded the ** market. For 2012, which is about to open a new page, commodities may be in a series of setbacks.