Export distribution of nonferrous metals and nonferrous products remains stable
NONFERROUS METALS
NONFERROUS METALS
Export distribution of nonferrous metals and nonferrous
products remains stable
Global market
Aluminum
In August, the trend of events on the aluminum market was
progressing under the positive scenario. In the last month of the summer, the average
level of LME quotations for aluminum moved up by nearly USD/MT 30 to USD/MT 1,431.69.
Quotations for aluminum alloys saw practically the same increase (up by USD/MT 35) to
USD/MT 1,276.29 in average. In August, the prices for aluminum fluctuated within USD/MT
1,381-1,452. On the other hand, the prices registered on the spot market for A380.1
aluminum alloy kept within the range of USD/MT 1,205-1,257.
In July-August 1999, there was a significant curtailment in
the LME aluminum stocks, helped by the improved situation on the Southeast Asian markets,
stable demand for this metal on the US and European markets, and, as an outcome, by the
recovered bearish activity of investment funds. Undoubtedly, such a situation has had its
impact on prices (as was mentioned above) for this product.
The level of premiums for aluminum of the CIS origin was as
follows in Rotterdam:
USD/MT 15-20 for A5 aluminum;
USD/MT 20-25 for A6 aluminum;
USD/MT 26-31 for A7 aluminum.
Another outstanding event, which stirred up much commotion
in August, can play a vital role in the situation on the aluminum market. This comes to
the merger of the aluminum giants Alcan (Canada), Pechiney (France), and Algroup
(Switzerland). These will jointly make APA – the largest world company engaged in the
production and processing of aluminum. APA will control 11 bauxite mines, 10 alumina and
27 aluminum plants. The new company plans to manufacture 15% of the global aluminum with
the lowest costs in the world. This will be an advantage for this company during the
recession of aluminum prices expected in the next year.
The forecasts of the leading analytical companies of the
world evidence that in September the price for aluminum will increase, taking into
consideration demand for this product, and will exceed the level of USD/MT 1,500. However,
most analysts believe that until the end of the year there will be some oversupply of
aluminum on the market, though not that great as was predicted. In turn, this can
negatively influence the prices for this product starting from October. Presently, demand
for aluminum (especially, for aluminum alloys) in Europe remains stable.
As to the year of 2000, according to the forecasts, the
demand and supply will gain proper balance and indicators of the average annual price for
aluminum will keep within USD/MT 1,420-1,500. The estimated average annual aluminum price
for 1999 is USD/MT 1,280-1,360.
Table 1. LME aluminum quotations in January-August
1997-1999, USD/MT
|
Price |
1999 |
1998 |
1997 |
|||
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| Low |
1,139.75 |
1,162.75 |
1,216.00 (Dec 15, 98) |
1,238.5 (Dec 15, 98) |
1,487.75 (Dec 29, 97) |
1,517.25 (Dec 29, 97) |
| High |
1,462.00 (Aug 25, 99) |
1,492.00 (Aug 25, 99) |
1,518.00 (Jan 28, 98) |
1,538.00 (Jan 28, 98) |
1,775.50 (Aug 07, 97) |
1,755.25 (Aug 07, 97) |
| Average |
1,292.64 |
1,315.12 |
1,357.55 |
1,379.88 |
1,598.42 |
1,618.52 |
* — hereinafter prices under futures contracts foresee
supplies in three months
Table 3. LME average prices for А380.1 aluminum
alloy in January-August 1995-1999, USD/MT
|
Spot |
3 months* |
|
| 1995 |
1,655.08 |
1,686.24 |
| 1996 |
1,300.56 |
1,333.83 |
| 1997 |
1,459.72 |
1,481.88 |
| 1998 |
1,212.60 |
1,231.55 |
| 1999 |
1,148.46 |
1,172.60 |
Table 4. LME quotations for А380.1 aluminum alloy
in January-August 1997-1999, USD/MT
|
Price |
1999 |
1998 |
1997 |
|||
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| Low |
996.50 |
1,025.50 |
1,023.00 (Dec 23, 98) |
1,056.00 (Dec 23, 98) |
1,355.00 (Dec 29, 97) |
1,562.50 (Feb 24, 97) |
| High |
1,272.00 (Aug 31, 99) |
1,312.00 |
1,365.50 (Jan 05, 98) |
1,369.00 (Jan 23, 98) |
1,542.50 (Jan 24, 97) |
1,377.50 (Dec 29, 97) |
| Average |
1,148.46 |
1,172.60 |
1,212.60 |
1,231.55 |
1,459.72 |
1,481.88 |
Table 5. Dynamics of LME prices for aluminum in
January-August 1997-1999, USD/MT
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| January |
1,218.45 |
1,224.40 |
1,485.55 |
1,507.90 |
1,580.01 |
1,609.50 |
| February |
1,187.25 |
1,207.28 |
1,465.60 |
1,483.73 |
1,575.61 |
1,603.99 |
| March |
1,181.98 |
1,203.96 |
1,437.52 |
1,459.86 |
1,631.57 |
1,662.83 |
| April |
1,278.55 |
1,299.99 |
1,417.73 |
1,443.18 |
1,561.44 |
1,594.23 |
| May |
1,323.79 |
1,350.13 |
1,364.37 |
1,392.05 |
1,625.25 |
1,645.65 |
| June |
1,315.64 |
1,346.03 |
1,307.26 |
1,336.95 |
1,567.55 |
1,590.31 |
| July |
1,403.76 |
1,428.28 |
1,309.54 |
1,332.59 |
1,591.99 |
1,610.97 |
| August |
1,431.69 |
1,460.90 |
1,311.25 |
1,330.82 |
1,710.58 |
1,686.00 |
| September |
— |
— |
1,342.64 |
1,369.77 |
1,610.60 |
1,624.18 |
| October |
— |
— |
1,304.43 |
1,332.99 |
1,607.86 |
1,624.28 |
| November |
— |
— |
1,295.29 |
1,309.87 |
1,598.99 |
1,625.81 |
| December |
— |
— |
1,249.41 |
1,258.90 |
1,530.51 |
1,554.88 |
Table 6. Dynamics of LME prices for А380.1 aluminum
alloy in January-August 1997-1999, USD/MT
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| January |
1,025.55 |
1,052.46 |
1,328.73 |
1,349.85 |
1,497.20 |
1,519.95 |
| February |
1,023.90 |
1,046.71 |
1,290.48 |
1,315.83 |
1,491.25 |
1,499.91 |
| March |
1,059.80 |
1,080.89 |
1,269.95 |
1,298.02 |
1,523.09 |
1,546.88 |
| April |
1,162.45 |
1,181.11 |
1,283.00 |
1,311.15 |
1,454.20 |
1,483.16 |
| May |
1,233.32 |
1,249.76 |
1,363.37 |
1,392.05 |
1,481.68 |
1,505.15 |
| June |
1,201.98 |
1,221.91 |
1,222.57 |
1,219.79 |
1,447.43 |
1,471.33 |
| July |
1,238.98 |
1,269.25 |
1,245.04 |
1,200.70 |
1,425.34 |
1,453.52 |
| August |
1,241.71 |
1,278.71 |
1,148.90 |
1,171.13 |
1,475.94 |
1,502.65 |
| September |
— |
— |
1,154.05 |
1,182.14 |
1,426.64 |
1,455.14 |
| October |
— |
— |
1,114.18 |
1,146.11 |
1,442.59 |
1,463.57 |
| November |
— |
— |
1,084.26 |
1,114.76 |
1,470.28 |
1,478.64 |
| December |
— |
— |
1,046.71 |
1,077.12 |
1,396.40 |
1,417.40 |
* —
hereinafter prices under futures contracts foresee supplies in three months
Copper
Curtailment of the functioning world capacities in the
summer 1999, as well as recovery of the Asian economy, facilitated an advance in copper
prices in August. However, it is understandable that the key factor for soaring copper
rates is the speculative activities of investment funds, which led to decrease in metal
stocks on the LME.
In August, the average level of prices for copper indicated
USD/MT 1,647.6; thus, it was practically the same as in July (USD/MT 1,640).
As a result of the summer slowdown, LME copper stocks
enlarged by 20,000 tons in August. However, copper stocks in the US warehouses did narrow.
This reduction was caused by numerous factors: firstly, by laying-up of production
capacities in the spring-summer 1999, secondly, by the strike at Falconbridge Kidd Creek,
which led to the decrease in the country’s production, as well as by transport
difficulties aroused from merger of two railways, which resulted in breakage of the
north-westward supplies.
The most alarming problem for market operators today is
whether the laid-up capacities will recommence operations, which almost always takes place
in the periods of increase in copper prices.
The first distressing sign appeared on August 29, when the
employees with Highland Valley signed a new labor contract with the management of Cominco
(the mine owner), which will result in complete recommencement of production (170,000 tons
of copper concentrate annually). The similar scenario was observed at Kidd Creek – the
manufacturer of copper and zinc – where the strike continued from July. Recommencement
of production was planned for the August-end. Just a reference: Kidd Creek manufacturers
135,000 tons of copper annually.
Outlooks for copper market
According to the forecasts of the leading world analysts,
in the autumn, the price for copper is to increase as a result of expected recovery of
demand to USD/MT 1,850, which will be a record high for the last year and a half. As a
result, it is planned that in the present year an oversupply will be lower than expected
and will account for 450,000 tons. It is expected that in 1999 the average price for
copper will reach USD/MT 1,500-1,550 and will increase to USD/MT 1,680-1,740 in the year
of 2000.
Table 7. LME copper quotations in January-August
1997-1999, USD/MT
|
Price |
1999 |
1998 |
1997 |
|||
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| Low |
1,353.75 |
1,381.25 |
1,440.00 (Dec 14, 98) |
1,469.00 (Dec 14, 98) |
1,698.75 (Dec 30, 97) |
1,728.50 (Dec 30, 97) |
| High |
1,706.00 (Jul 08, 99) |
1,738.00 (Jul 08, 99) |
1,879.00 (Apr 22, 98) |
1,889.00 (Apr 22, 98) |
2,719.00 (Jun 20, 97) |
2,597.00 (Jun 19, 97) |
| Average |
1,488.37 |
1,518.22 |
1,473.55 |
1,502.83 |
2,275.09 |
2,220.55 |
Table 8. Dynamics of LME prices for copper in
January-August 1997-1999, USD/MT
|
Spot |
3 months* |
Spot |
3 months* |
Spot |
3 months* |
|
| January |
1,431.38 |
1,458.40 |
1,687.65 |
1,717.20 |
2,404.83 |
2,289.76 |
| February |
1,410.73 |
1,438.16 |
1,664.35 |
1,688.50 |
2,434.27 |
2,234.95 |
| March |
1,378.33 |
1,405.54 |
1,747.34 |
1,771.80 |
2,420.74 |
2,364.70 |
| April |
1,466.00 |
1,494.04 |
1,800.10 |
1,813.58 |
2,390.25 |
2,320.73 |
| May |
1,511.16 |
1,542.58 |
1,731.71 |
1,746.58 |
2,513.81 |
2,445.23 |
| June |
1,422.11 |
1,455.39 |
1,659.38 |
1,671.24 |
2,611.95 |
2,511.26 |
| July |
1,639.59 |
1,671.17 |
1,651.00 |
1,669.37 |
2,449.83 |
2,329.26 |
| August |
1,647.62 |
1,680.50 |
1,620.93 |
1,636.40 |
2,250.65 |
2,236.29 |
| September |
— |
— |
1,647.61 |
1,665.77 |
2,106.81 |
2,126.47 |
| October |
— |
— |
1,586.41 |
1,610.33 |
2,051.76 |
2,074.46 |
| November |
— |
— |
1,573.95 |
1,601.52 |
1,917.09 |
1,938.94 |
| December |
— |
— |
1,473.55 |
1,502.83 |
1,761.89 |
1,792.24 |
Table 9. LME average prices for copper in
January-August 1995-1999, USD/MT
|
Spot |
3 months* |
|
| 1995 |
2,935.73 |
2,865.06 |
| 1996 |
2,289.42 |
2,222.15 |
| 1997 |
2,275.09 |
2,220.55 |
| 1998 |
1,653.67 |
1,674.59 |
| 1999 |
1,465.61 |
1,495.04 |
UKRAINE
Foreign trade
According to the data with the Customs Service of Ukraine,
in January-August 1999, Ukrainian export of nonferrous metals and products from them
accounted for 333.99 ths. tons worth USD 341.07 mln., which is respectively 143.17% and
118.65% compared to the same period of 1998.
Traditionally, aluminum and copper contribute the largest
portions to the export turnover of Ukrainian nonferrous metals. Against the respective
period of 1998, increase in exports of commodities within the copper and aluminum groups
was 124.78% and 151.1%. In the first 8 months of 1999, percentage of copper and aluminum
groups in the total export of Ukrainian nonferrous metals indicated 89.0%. Their portion
in the total currency earnings amounted to 88.87%.
Currency earnings from export of other nonferrous metals
(excluding nickel, lead, zinc, and tin), cermets and products from them increased to
5.58%, which witnesses retaining of export trends traced in previous months of 1999.
In January-August 1999, Ukraine exported 8.28 ths. tons of
tools, cutlery, spoons and other products from non-precious metals worth USD 16.29 mln.,
which is respectively 43.22% and 32.82% down from the respective 1998’ period.
Such metals as nickel, lead, zinc, and tin traditionally
hold the last positions in the list of commodities exported from Ukraine. Currency
earnings from export of commodities within these groups accounted for USD 2.63 mln. or
0.77% of the total currency earnings from export of nonferrous metals and products from
them, and was practically the same as the respective USD 2.59 mln. indicator of 1998.
Table 10. Export dynamics of nonferrous metals and
products from them in January-August 1998-1999
|
CN |
class=»txttabcenter»> | class=»txttabcenter»> | |||||
| 74 | Copper and copper products |
62.1570 |
70.1000 |
77.56 |
124.78 |
82.11 |
117.13 |
| 75 | Nickel and nickel products |
0.1600 |
0.4000 |
0.22 |
137.50 |
0.85 |
212.50 |
| 76 | Aluminum and aluminum products |
145.6000 |
171.5000 |
220.00 |
151.10 |
221.00 |
128.86 |
| 78 | Lead and lead products |
5.5900 |
1.8300 |
3.44 |
61.54 |
1.14 |
62.30 |
| 79 | Zinc and zinc products |
0.2200 |
0.3500 |
0.77 |
350.00 |
0.64 |
182.86 |
| 80 | Tin and tin products |
0.0024 |
0.0056 |
0.000053 |
2.21 |
0.0004 |
7.86 |
| 81 | Other non-precious metals |
5.3200 |
19.0300 |
23.72 |
445.86 |
19.04 |
100.05 |
| 82 | Tools, cutlery, and spoons |
1.4300 |
10.2300 |
1.08 |
75.52 |
7.84 |
76.64 |
| 83 | Other products from non-precious metals |
12.8000 |
14.0200 |
7.20 |
56.25 |
8.45 |
60.27 |
| Total |
233.2800 |
287.4700 |
333.99 |
143.17 |
341.07 |
118.65 |
|
Exports
Copper group
In January-August 1999, Ukraine exported 77.56 ths. tons of
copper and copper products worth USD 82.11 mln. In the first 8 months of 1999, exports of
commodities within the copper group increased by 24.78% against the respective period of
1998, while the currency earnings added some 17.13% more.
In August, Ukraine exported 6,030.7 tons of unrefined
copper for a total of USD 6.08 mln., which is practically 1.5-2 times as high as the
record high indicators of the previous month. The export indicators of copper alloys have
also hit the records. In August, export of these products accounted for 3,518 tons worth
USD 3.7 mln. This is practically 3 times as high as the average monthly indicators.
The volume of copper scrap exported under the tolling
contracts and some contracts signed before adoption of the Law “On scrap metal”
slightly decreased during the last month to 1,503 tons, while the last month’s figure
indicated 2,175 tons worth USD 1.23 mln.
The list of main export articles within the copper group
remains practically the same: unrefined copper; copper anodes for electrolytic refining,
refined copper and unrefined copper alloys, copper scrap and wastes (helped by export
turnovers of previous months). Export of these commodity groups indicated 92.7% in the
total volume of products.
Table 11. Main articles of Ukrainian export of
copper and copper products in January-August 1998-1999
|
99/98 (in |
||||||
|
Quantity, MT |
Amount, USD ths. |
Quantity, MT |
Amount, USD ths. |
|||
|
1 |
695 |
992 |
14,954 |
15,950 |
2,151.7 |
1,608.6 |
|
2 |
4,408 |
5,311 |
8,836 |
9,860 |
200.5 |
185.6 |
|
3 |
55,358 |
60,562 |
48,108 |
47,355 |
86.9 |
78.2 |
|
4 |
62,157 |
70,588 |
77,557 |
82,110 |
124.8 |
116.3 |
1 – unrefined copper and copper anodes for electrolytic
refining
2 – unrefined copper and unrefined copper alloys
3 – copper scrap and waste
4 – copper and copper products (the whole copper group)
Aluminum group
Commodities within the aluminum group hold the leadership
in the exports of nonferrous metals from Ukraine. In January-August 1999, the volume of
exported commodities within this group exceeded the indicator of the respective 1998’
period by 51.10%. In the first 8 months of 1998, export of aluminum and aluminum products
accounted for 145.6 ths. tons worth USD 171.5 mln. At the same time, in January-August
1999, Ukraine exported 220 ths. tons of commodities within this group for a total of USD
221 mln.
The portion of such products as unrefined aluminum and
unrefined aluminum alloys in the total export keeps on increasing. In August, these
commodities contributed 98.34% (41.6 ths. tons) to the total export of the aluminum group
commodities. Currency earnings from exports of unrefined aluminum and unrefined aluminum
alloys accounted for 96.83% (USD 33.12 mln.) in the total August currency earnings from
export of these commodities.
In the 8 months of 1999, exports of aluminum scrap amounted
to 23.6 ths. tons worth USD 21.9 mln.
Totally, in the 8 months of 1999, export turnover accounted
for 194.5 ths. tons of aluminum and aluminum alloys, which is 78% up compared to the
respective 1998’ indicator. Currency earnings from export of these products accounted
for USD 194.9 mln., 39.38% up from the respective indicator of 1998.
Table 12. Main articles of Ukrainian export of
aluminum and aluminum products in January-August 1998-1999
|
January-August |
January-August |
99/98 (in physical |
99/98 (in terms of |
|||
|
Quantity, ths. MT |
Amount, USD ths. |
Quantity, ths. MT |
Amount, USD ths. |
|||
|
1 |
109,288 |
139,849 |
194,495 |
194,915 |
177.97 |
139.38 |
|
2 |
35,122 |
28,247 |
23,623 |
21,921 |
67.26 |
77.60 |
|
3 |
145,601 |
171,480 |
219,940 |
220,571 |
151.06 |
100.29 |
1 – unrefined aluminum: unrefined aluminum alloys.
2 – aluminum scrap and waste
3 – aluminum and aluminum products (the whole aluminum
group)
Overview of export supplies
In the first 8 months of 1999, the largest export supplies
of the following commodities were registered:
unrefined aluminum and aluminum alloys – 194.50 ths. tons (58.23%)
worth USD 194.92 mln. (57.15%);
aluminum scrap and wastes – 23.62 ths. tons (8.56%) worth USD 21.89
mln. (7.50%).
Geographical distribution of export supplies
Geographical export distribution of copper, aluminum, and
products from them remains practically unchanged. The leading importer of the commodities
within the copper group is Germany. In January-August 1999, this country imported nearly
64% of all the Ukrainian exports of products within this group, that is 49.5 ths. tons
worth USD 52.21 mln. (63.50%). Belgium was ranked the second importer with 9.6 ths. tons
worth USD 9.54 mln. (12.38% and 11.62% respectively). Italy holds the third position –
2.10 ths. tons worth USD 1.67 mln. (2.70% and 2.04%).
In the CIS countries, like in the previous months, the
leading importers of the copper group commodities were the RF with 3.66 ths. tons and
Belarus with 2.01 ths. tons.
The list of main importers of the aluminum group
commodities is as follows: USA (20.03% and 21.09%, that is 35.59 ths. tons worth USD 39.41
mln.), Hungary – 22.77 ths. tons worth USD 27.41 mln. (12.82% and 14.67%), Germany –
21.82 ths. tons worth USD 20.73 mln. (12.28% and 11.09%), Italy – 21.12 ths. tons worth
USD 21.50 mln. (11.89% and 11.65%), and the RF – 18.57 ths. tons worth USD 23.92 mln.
(10.45% and 12.80%).
There were no significant changes in geographical
distribution of supplies against the year of 1998.
Table 13. Geographical distribution of Ukrainian
exports of copper and copper products in January-August 1999
|
Country |
Quantity, |
Percentage |
Value, USD |
Percentage |
| Austria |
260.00 |
0.34 |
348,734.00 |
0.42 |
| Belarus |
2,000.81 |
2.58 |
3,816,368.45 |
4.65 |
| Belgium |
9,602.57 |
12.38 |
9,542,123.35 |
11.62 |
| Bulgaria |
1,156.13 |
1.49 |
1,588,750.00 |
1.93 |
| China |
1,394.03 |
1.80 |
1,461,183.69 |
1.78 |
| Estonia |
53.72 |
0.07 |
56,074.00 |
0.07 |
| Germany |
49,531.73 |
63.86 |
52,214,095.70 |
63.59 |
| Hungary |
600.00 |
0.77 |
729,941.08 |
0.89 |
| Ireland |
422.37 |
0.54 |
462,450.54 |
0.56 |
| Italy |
2,095.71 |
2.70 |
1,674,412.00 |
2.04 |
| Lithuania |
178.38 |
0.23 |
367,608.73 |
0.45 |
| Russia |
3,664.31 |
4.72 |
6,520,926.25 |
7.94 |
| Slovakia |
276.73 |
0.36 |
505,521.00 |
0.62 |
| South Korea |
1,022.11 |
1.32 |
953,573.00 |
1.16 |
| Switzerland |
140.00 |
0.18 |
159,602.00 |
0.19 |
| UK |
365.93 |
0.47 |
369,447.63 |
0.45 |
| Other countries |
4,792.60 |
6.18 |
1,338,772.62 |
1.63 |
| Total |
77,557.14 |
100.00 |
82,109,584.00 |
100.00 |
Table 14. Geographical distribution of Ukrainian
exports of aluminum and aluminum products in January-August 1999
|
Country |
Quantity, |
Percentage |
Value, USD |
Percentage |
| Austria |
1.43 |
0.65 |
1,336.0 |
0.61 |
| Belarus |
1.75 |
0.79 |
2,960.2 |
1.34 |
| Belize |
1.02 |
0.46 |
536.8 |
0.24 |
| Bulgaria |
0.74 |
0.34 |
440.0 |
0.20 |
| China |
1.56 |
0.71 |
1,242.7 |
0.56 |
| Czech Republic |
4.73 |
2.15 |
4,236.7 |
1.92 |
| Germany |
23.90 |
10.87 |
22,084.9 |
10.01 |
| Hungary |
26.44 |
12.02 |
32,249.7 |
14.62 |
| India |
1.71 |
0.78 |
1,564.7 |
0.71 |
| Ireland |
4.18 |
1.90 |
3,857.0 |
1.75 |
| Israel |
0.39 |
0.18 |
449.3 |
0.20 |
| Italy |
25.25 |
11.48 |
25,760.7 |
11.68 |
| Netherlands |
0.68 |
0.31 |
616.5 |
0.28 |
| Poland |
3.62 |
1.64 |
3,396.9 |
1.54 |
| Russia |
22.31 |
10.14 |
28,573.5 |
12.95 |
| Seychelles |
1.29 |
0.59 |
1,095.1 |
0.50 |
| Slovakia |
1.91 |
0.87 |
2,125.0 |
0.96 |
| South Korea |
3.38 |
1.54 |
3,539.6 |
1.60 |
| Spain |
2.28 |
1.04 |
2,932.1 |
1.33 |
| Switzerland |
0.81 |
0.37 |
681.6 |
0.31 |
| Taiwan (China) |
6.01 |
2.73 |
5,811.2 |
2.63 |
| Turkey |
0.36 |
0.16 |
4,257.7 |
1.93 |
| UK |
15.92 |
7.24 |
7,394.8 |
3.35 |
| USA |
48.13 |
21.88 |
46,483.4 |
21.07 |
| Xianggang (Hong Kong) |
0.16 |
0.07 |
151.8 |
0.07 |
| Other countries |
19.98 |
9.08 |
20,532.5 |
9.31 |
| Total |
219.94 |
100.00 |
220,570.8 |
100.00 |
Conclusions
Like in the previous months, export distribution of
Ukrainian nonferrous metals and products from them remains stable. However, such a
stability has some negative aspects.
In spite of the increase in physical exports and the
respective increase in currency earnings, as a result of recovered prices for nonferrous
metals in the world, qualitative characteristics of export are far from being ideal. Like
previously, semis and raw represent the largest portion of exported commodities.
Despite the introduction of a ban for export of nonferrous
scrap metal, still, according to statistics, 1,500-2,300 tons of nonferrous scrap are
monthly exported from Ukraine.
A humble volume of products from nonferrous metals is
suppressed with substantial volumes of exports of semi-finished aluminum, copper, and
alloys.
The results were of no surprise, as far as most industrial
enterprises undergo difficult times and accent in production is made at
non-capital-intensive commodities, which will be in demand on the world markets without
significant pressure of the importing countries. Thus, raw materials and semis used for
production of highly-exportable products can be regarded as the optimal commodity
(primarily for undeveloped countries).
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