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China Has Become The Main Driving Force Of The Global Market In Metal Industry
Jan 23, 2018

China is very important in the metal industry has become the main driving force of the global market


Foreign media said, in the metal market, China is doing is like Saudi Arabia for crude oil do?

According to the globe and mail newspaper website reported on June 20, the world's largest industrial metals producer and consumer, China may be inadvertently actually play the role of the organization of petroleum exporting countries (OPEC) type, adjust supply to respond to price signals and balance the market.

According to the report, though not like Saudi Arabia in the role of OPEC scenery infinite days, China have similar trend is likely to and metal.

Until recently, most industrial or semi refined metals (such as steel, refined copper and aluminum, etc.) of export markets, China is still a matter of the participants.Steel and aluminium exports surged recently, however, in fact the China's integration into the intermediate stage of metal in the global market.

In copper, China is still a net importer of major, but it still influence the global copper market, because it is based on market conditions to improve or reduce import and domestic demand.

According to the report, China is intermediate stage metal market regulators role, which also have a significant impact on raw material market, such as iron ore and coking coal, bauxite and alumina, etc.

According to the report, of course, China's growing influence in the global market is not neglected, nor was welcomed by other manufacturers.Other manufacturers are taking or consider to take some measures, aimed at containing China's iron and steel and other metal exports.

But on the whole, China seems to have from to metal buyers into influential manufacturers.

According to the report, China is currently trying to limit capacity, countries willing to intervene in the market, which means that it as the role of production adjustment is likely to be volatile and unpredictable.

In this sense, it is not like the old OPEC, but with similar oil producing group.To observe the production and export of development trend of China's metal producers become more and more important, because they seem to have become the main driving force of the global market.