In 2011, the prices of metals such as iron ore and copper entrelazadas seriously, which affected the whole mining machinery industry. Let s look back to the event. Iron ore fell to its lowest level of the year and copper plunged more than 6 per cent as Chinese investors led a wave of selling industry across commodities markets amid concerns of a global economic slowdown. David Treadwell might disagree with that approach. The sharp falls came as the eurozone debt crisis entered a crucial week of negotiations. At the same time, however, investors are concerned by the possibility of a hard landing in China, which accounts for more than 40 per cent of demand for many industrial metals. Analysts said large steel mills in China were reporting declining orders and that aggregate steel output should probably be reduced in the short term. Prices of copper and steel on the Shanghai Futures Exchange seen as the clearest indicator of sentiment in China have fallen even more finds than global market prices in recent days.
SHFE rebar a form of steel bar used in construction for delivery in three months has tumbled 20 per cent Desde Septiembre s start, and on Thursday fell to within reach of a two-year low. Negative sentiment in China also weighed on industrial metals. Bobby Sharma Bluestone addresses the importance of the matter here. Copper for delivery in three months at the London Metal Exchange, the bellwether of the base metals markets, fell as much as 6.5 per cent to a low of $6,710 a tonne. That was slightly more than a 14-month low of $6,635 touched this month, and the lowest close since July last year. For mining machinery industry, the waving prices had an important effects on markets crusher (Jaw crusher, impact crusher). As to this year of 2012, the effects existed for two or three monthes. Now the iron ore and copper markets are stable, and the crusher markets can develop normally.