Nonferrous Metals Market to Keep High in 2008, Triland

Triland Metals, which is metal trader and ring member of London Metal Exchange, expects the nonferrous metal market could keep high level in 2008 as extremely high in April-June 2007. The firm estimates the higher metal supply couldn’t increase the inventory to the level for sharp price down. The firm said the most of nonferrous metals already peaked. However, LME market price could keep relative high with volatility in 2008 though the price could decrease slightly from 2007. The firm expects the 3-month future price is US$ 2,500-2,700 per tonne for aluminium, US$ 6,700-6,900 per tonne for copper, US$ 1,900-2,000 per tonne for lead, US$ 33,000-35,000 per tonne for nickel, US$ 12,500-13,500 per tonne for tin and US$ 3,100-3,300 per tonne for zinc. The firm expects the fundamental supports the market while the funds could keep supporting the market despite of temporally adjustment recently.