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[LME Week] 56% of voters believe that the settlement of Sino-US trade frictions will be the biggest positive factor in commodity prices in the coming year.
Oct 29,2019 08:56CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM: the LME Metals Seminar is the year-end drama of the London Metal Exchange. The conference brings together metal industry people from all over the world to discuss the current situation of the metal market and look forward to the future development direction. SMM as a comprehensive portal of the metal industry has also come to the scene, today SMM editors live broadcast in the main venue, welcome to pay attention to the reports from the front line. [LME Week] LME main venue: looking at the views of major investment banks, LME presidents, etc.

Metal industry people from all over the world took part in a live vote at the LME annual meeting. Let's take a look at the results:

Q: do you expect global economic growth to be stronger or weaker in 2020 than in 2019?

A stronger 6%

B medium strength 14%

C almost 51%

D the economy may decline by 29%

Q: what about the dollar in 2020?

A growth = growth recovery + Trade Resolution 13%

B short-term rise weak at the end of the year = steady growth of 29%

C flat = increase ease by 11%

D recession = trade conflict + unable to grow + 47% sharp inflation

Q: what are the biggest positive factors for commodity prices in the coming year?

A 10% faster growth in developed countries

B 56% settlement of Sino-US trade frictions

C 8% supply-side reform in China

D China's economic stimulus policy 26%

Q: what are the biggest downside risks to commodity prices in the coming year?

A 30% slowdown in growth in developed countries

B the Sino-US trade conflict persists by 53%

C 17% supply-side reform in China

D dollar strengthened by 0%

A grand event for thousands of people in China's non-ferrous metal industry

Shanghai colored net (SMM) annual meeting is the annual event of the metal industry, with an annual participation scale of thousands of people, domestic and foreign metal industry people gathered together to review and summarize the experience and harvest of the year, and lay the groundwork for the production, operation and operation of the coming year.

This year's "2019 China Nonferrous Metals Industry Annual meeting and 2020 (SMM) Metal Price Forecast Conference" was jointly created by SMM and China Renewable Resources Industry Technology Innovation Strategic Alliance and Shanghai Nonferrous Metals Industry Association. At the same time, the first "China Renewable Metals Industry chain Development Summit Forum" was held, and SMM metal price forecasting conference and waste battery recycling exchange were set up for you to enjoy. From the development of non-ferrous metal market to the recycling of renewable resources, from the detailed explanation of policies and systems to the research and development of industrial chain technology.

This is not only a meeting, but also an industry exchange of information, collision thinking sparks of brainstorming!

"Click to sign up for SMM Annual meeting

Share the China Nonferrous Metals Industry Annual meeting registration link to the circle of friends or WeChat group of more than 100 people, and send screenshots to the WeChat account below to get the right to view "SMM Metal Breakfast" for one year (the original price is 300 yuan / year).

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