Since the Lunar New Year, the non-ferrous metal sector represented by copper, aluminum, zinc, tin, nickel, etc. has become the “new favorite” of the capital market to catch up, with prices rising all the way. Among them: copper prices hit a 9-year high. In late February, the LME copper price reached a peak of US$9,617/ton. The main Shanghai copper futures contract price once rose to 70740 yuan/ton. Both continued to set new records since 2011, and then March , Copper prices fell slightly, but continued to remain in the high range. In addition, aluminum, zinc, nickel, and tin have also maintained high volatility, and have hit new high prices in recent years; and domestic iron ore has basically maintained a high and relatively stable price this year.
At the same time, the price increase of upstream semiconductors and chemical raw materials is also shocking: domestic semiconductor manufacturer Silan Micro announced that it will increase the prices of discrete devices such as MOS tubes and IGBTs from March 1; battery chemical raw materials such as conductive agents, NMP, PVDF , Electrolyte is even more cash and cannot be purchased; PCB raw material prices rise, all new orders from manufacturers have to be postponed.
Take copper as an example. There are many factors that have caused the recent price increase. Major research institutions have made predictions on the trend of copper prices in the future. Goldman Sachs reiterated in the latest research report that the global copper market is facing the largest supply shortage in a decade. In the next few months, there is a “high risk” that copper will fall into a supply deficit. Therefore, it will increase copper in the next 3, 6 and 12 months. The target prices are respectively 9200, 9800 and 10500 USD/ton.
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