Non-ferrous metals face greater challenges

It is jointly organized by the Shanghai Federation of Industry and Commerce Non-ferrous Metal Traders Association and Shenyin Wanguo ** Co., Ltd. The guests generally believed that the negative impact of the Qingdao port incident on imports and exports of nonferrous metals remains. In the context of increasing downward pressure on China's macro economy, the non-ferrous metals industry is facing greater challenges.

The guests shared their views on the status quo of China's non-ferrous metals import and export trade and the future development of the trade. On the whole, the warehouse receipt fraud in Qingdao port in June forced banks and other financial institutions to consider new measures to control China's large-scale merchandise business. The introduction of new requirements also pushes up the risk. Those customers who are unable to regain the credit line may be in default when they need to pay for hedging or import payments.

Dr. Jiang Xiaoquan, assistant to the director of the Shanghai ** Exchange, gave a detailed explanation of the nickel and tin ** contract rules of the previous period. Nickel and tin ** will be listed on March 27. In accordance with the published contract rules, the transaction unit for nickel ** contract is 1 ton/hand, the minimum unit for change is 10 yuan/ton, the maximum price per day is 4%, the minimum margin is 5%, and the minimum delivery unit is 6 tons.

In addition, Wang Min, assistant vice president of the London Metal Exchange (LME), interpreted the new policy of the LME transaction and introduced the queuing situation of the LME after implementing the new warehouse policy. Zhu Yan, Senior Investment Director of South Australia, introduced the situation of South Australian copper resources, enabling domestic companies to have a clear understanding of South Australian copper resources.

In view of the macroeconomic trends, Dr. Zhang Xiang of Shenyin Wanguo** Co., Ltd. believes that 2015 is the most important year for the country to implement economic transformation and upgrading, and the national economic policy has a great impact on commodities. On the whole, in 2015, the downward pressure remains large, the country will still adopt a looser policy, and commodities will face greater challenges.