Autumn fall in metal prices continues around the world

Overall, disappointing is the dynamics of the global market metal and metal led to the fact that at metal prices continued to fall in October in Ukraine . The reasons referred to earlier - forecast of growth of the Chinese economy is still disappointing. The measures being taken by the Chinese government, was not entirely ineffective, but not enough to return to rapid growth in the world's main producing economy. However, some analysts believe that such a "sagging" of the Chinese economy, followed by the economy and mirovnoy is the inevitable price of rapid rise. One way or another, but the global trend - the decline in metal prices in general and metal in particular.

In Ukraine, wholesale prices fell in all kinds of steel. Most of the domestic market in October fell channels. Least of all - VGP pipes, due to stable demand. Remaining here rolled became cheaper in the range of from 0 5% to 5%. The average composite index as of October 16 fell by 13, 7 points (2, 46%). Cheaper rent and in other former Soviet republics - least of all it touched Russia, the ruble avgustvskaya adjustment was one of the most important, so the prices on the domestic market remained unchanged. In the domestic market of Belarus and Kazakhstan, survived the fall of their currencies somewhat earlier, the situation in general, as well as in Ukraine.

To keep the internal market from a sharp drop in product prices is still possible by indirect changes in exchange rates, but most experts said that such measures may be somewhat premature, since world prices for metal products can not fall indefinitely, and sooner or later begin to look for a point of equilibrium, regaining the position back. Perhaps in November will be marked by a slight increase. In any case, as the probability of a sharp decline and a sharp rise in the price of rent is very low even if the global steel market will be something extraordinary. The probability of that is also extremely small.