Price Reduction was Comprehensively Appeared in Russian Non-ferrous Metal Market

In August, price reduction was comprehensively appeared in Russia non-ferrous mental market; professionals said that is because the liquidity and treasury bond crisis. In such circumstances, it expected the nonferrous metals prices will continue to drop. For investors and manufacturers, the market has lost its attraction. The most obvious prices fell example is zinc; it was down by 20%. World leader of Zinc metal production—China, has a more than 130,000 tons inventory, three times of the metallurgical industry’s monthly demand. In addition, in August, the Russian primary aluminum prices reached 2,500 US dollars / ton.