A slowdown in new orders growth, however, grows concerns about future consumption
2020 will be the "year of completions" as developers are pushed to finish developments and price weakness starts to appear.
Stainless steel output cuts may unlikely to reverse the overall supply glut
The three-month LME zinc is expected to move between $1,900-2,800/mt in 2020, with SHFE zinc at 17,000-21,000 yuan/mt
China’s production of primary aluminium is expected to grow much faster than consumption in 2020
China’s NPI production will decline 13% to 510,000 mt in Ni content in 2020
Reduced prices of Wuxi nickel triggered the recovery of lines that produce with refined nickel.
Iron ore supply is expected to grow 67 million mt.
Tight ore availability and maintenance-caused production cut at Yunnan Tin Group will lead to a sharp supply decline
This is a significant increase from 8% in 2018