March consumer slowdown copper, aluminum consumption remains in the doldrums, lead and zinc consumption is a significant increase in consumption returned to normal levels of tin, nickel consumption declined slightly. Orient Securities analyst believes that metal prices will be in the next 1-2 months up blocked.
Apparent consumption of copper ring in March than continue to grow, but growth slowed to 6.91%, 1-March the cumulative growth of 39.31%; imports of copper hit a record high in February than the 9.5 percent growth in March a total of 1-import refined 97.32% growth. Aluminum consumption remains in the doldrums in March than in February apparent consumption growth of 18%, increased by only 1.88 percent year-on-year, 1-March fell 6.8 percent; imports a substantial growth in March imports jumped 684 percent more than the Central, for the first time close to the domestic Yield 10%. Compared with the 1-2 month lead in March a substantial increase in consumption, mainly due to the lower reaches of the construction of motor vehicles and drive 3G; March zinc apparent consumption growth ring than 36.72%; tin consumption in February from the previous downturn in the state, returned to Last year, the normal level; nickel consumption than in February decreased slightly (-4.45%), remained the same period last year increase by more than 30%.

Analysts pointed out that in March the sharp rise in metal prices has resulted in the upper reaches of the mineral complex to start production there. Has been good for the pre-copper, zinc, since the resumption of imports of copper, bound to the early shift will re-refined back to the procurement of copper consumption, thereby reducing the consumption of refined. The existence of domestic and international spread, will inevitably lead to more imports into the domestic copper. Rehabilitation of the domestic production of zinc concentrate, smelter will also ease the pressure on the raw materials so that future expansion possible.

Analysts believe that the next 1-2 months will be hampered by rising metal prices, prices rose the need for further economic recovery brought about by the new increase in demand. Under the current circumstances, non-ferrous metal stock prices brought about by the lack of drivers, faced with the pressure value. Proposes to reduce the non-ferrous metals analyst at stock configuration. From the relative earnings, the remaining uncertainty in the future economic environment, gold shares will outperform the industry index.