In the first half of 2024, the overall price of non-ferrous metals in the Inner Mongolia Autonomous Region fluctuated and rose. On the demand side, the recovery of global manufacturing PMI, the successive introduction of a series of favorable domestic policies and the continuous expansion of the new energy industry have made the market's confidence in the expansion of demand continue to increase; On the supply side, the global geopolitical turmoil still exists, some nickel and zinc mine production capacity clearance, Panama copper mine closure and other factors, resulting in the market is full of concerns about the supply of subsequent raw materials. Non-ferrous metal prices are expected to improve demand and supply side factors to promote and rise in different amplitude.
As of June, copper (1# electrolytic copper, Cathode copper), aluminum (A00 aluminum ingots), lead (1# lead ingots), zinc (0# zinc ingots), tin (1# tin ingots), nickel (1#) average sales prices were 80306.67 yuan per ton, 21085.00 yuan, 19050.00 yuan, 24375.00 yuan, 274708.34 yuan, 145098.34 yuan. Compared to the beginning of the year, the price rose 16.49 percent, 8.04 percent, 13.84 percent, 11.47 percent, 27.13 percent, and 9.48 percent, respectively.
Copper (1# electrolytic copper, Cathode copper), aluminum (A00 aluminum ingots), lead (1# lead ingots), zinc (0# zinc ingots), tin (1# Tin ingot, nickel (1#) in the first half of the region's average sales prices were 74903.06 yuan per ton, 20210.83 yuan, 17418.75 yuan, 22671.11 yuan, 242812.50 yuan, 141435.83 yuan. Compared with the same period last year, the prices of copper, aluminum, lead and tin rose by 9.34%, 6.86%, 10.83% and 14.17% respectively. Zinc and nickel prices fell by 0.25% and 29.61%, respectively.
For non-ferrous metals, global instability will further increase the supply risk of raw materials; The global intelligent and green development has increased the long-term demand growth expectations of the non-ferrous metals market.
On the whole, it is expected that the subsequent non-ferrous metal prices in the region will show a stable and fluctuating upward trend.
