Australian National Bank said on Wednesday that most basic metal prices will fall from the current high this year, but will still be at a relatively high level. The bank said that due to expected demand is still strong, inventory is low, metal prices will not weaken. East Asia, especially China, will continue to play the role of the global base metal growth engine, although it is expected that China's economic growth this year may fall slightly, but the strong economic and industrial growth, especially manufacturing, construction and infrastructure projects Etc. will continue to provide support for metal demand. The bank also said that the performance of zinc futures this year will be brighter, as demand for zinc will continue to grow due to increased demand for stainless steel used in construction and processing industries in China. On the other hand, due to insufficient investment in recent years, zinc concentrate supply bottlenecks have restricted the expansion of zinc production capacity. The bank’s analyst Boge said that the average price of zinc and aluminum this year is expected to be 1,644 US dollars / ton and 2,070 US dollars / ton, respectively, and the 2005 forecast is 1,372 US dollars / ton and 1,899 US dollars / ton. He also said that the average price of copper is expected to be US$3,510/ton next year, which is lower than the forecast value of US$3,676/ton in 2005; the average lead price for this year is expected to be US$944/ton, and the forecast for 2005 is US$974/ton; The average price of nickel this year is expected to be 12,625 US dollars / ton, in 2005 the forecast is 14,723 US dollars / ton. Stainless Steel Roller Shutter Door
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