Thursday was a good day for base metals bulls. Month-end window dressing and supply concerns pushed the PowerShares DB Base Metals Fund (Amex: DBB) up an impressive 4.75%. Futures on three metals - aluminum, copper and zinc - make up the DBB portfolio.
Energy-intensive aluminum, along with zinc, was bolstered by ongoing supply constraints in China and South Africa, where power shortages are plaguing refiners. Copper futures ended firm on Thursday, as well, with the positive turnaround on Wall Street adding bullish momentum.
Henan Hongxing Mining Machinery Co., Ltd is a joint-stock mining machinery manufacturing enterprise integrated in scientific research, production and marketing. It is located at the High & New Technology Industries Development Zone of Zhengzhou,China with an area of 50 thousand m2 which includes 15,000 m2 of standard heavy duty industrial workshop. Equipments are more than 160 pieces, including large and medium sized metal processing, riveting and installing equipments. There are more than 660 workers including 80 administrators with secondary and senior occupational titles and engineering technicians. In order to promote the competitive strength, the advanced technologies have been introduced from America, Germany, Japan and Australia, which established the international advanced production line, first-class modern testing base as well as research centers of sand maker, mill and mine-selecting equipment. Scientific management, advanced processing technology and innovative manufacturing theory make the company become the mining machinery manufacturing and exporting base in China.
Hongxing Company lays much emphasis on the quality and clients. We serve clients with the quality guideline of being responsible for every working procedure, every product and every client. What we have done is for the clients and we believe that quality is the best way to develop market. All of the products have passed the authentication of ISO9001. Hongxing Brand is the Chinese Famous Brand. Reliable and stable quality is the key to success; our products are well known at home and abroad. Now we have tens of thousands of users throughout China and more than 30 world markets, such as: South Africa, Middle East, India, Philippine, Western Europe, Southeastern Asia.
The leading products of our company include: ball mill,raymond mill, sand-maker, jaw crusher, hammer crusher, vertical compound crusher, rotary kiln, drier, vibrating screen, sand washer, magnetic separator, SF flotation machine, roll crusher, belt conveyor, bucket elevator, spiral classifier, impact crusher, disk granulator, final screen, lift mixer, table Concentrator, centrifugal ore separator, high-efficiency Concentrator, disc feeder, pendulum type feeder and hydraulic cyclone. Moreover, we can provide program design, process flow design, standard and non-standard design for clients.
The persistent operating theory of Hongxing is: the development way depends on the concept and the good product comes out of the good faith. We have been awarded the “Civilized Enterprise” “Key Enterprise” “Enterprise with Standard Quality” and “Enterprise with Honesty and Credit Standing”. And Hongxing Brand is a "China Famous Brand" for reliable and stable quality. We firmly believe that we can get sincere repayment with our sincere dedication.
COMEX aluminum for February delivery settled 2.75 cents, or 2.36%, higher at $1.19 per pound, driven by forecasts of a 200,000-ton decrease in Chinese aluminum output due to the storm-induced power outages.As the professional manufacturer of complete sets of mining machinery, such as impact crusher,impact crusher, Henan Hongxing is always doing the best in products and service.
March COMEX copper finished 7.15 cents, or 2.22%, higher to settle at $3.298 per pound. The market for the red metal has actually looked a bit overbought after rebounding from a $2.87 low last month. Volatility appears to be picking up as well.
Zinc, though, was really the star in the DBB universe. Three-month futures on LME ratcheted up 8.38% to $1.0954 per pound on fund buying following smelter shutdowns in China.
China is the world's biggest producer of zinc, cranking out 3.75 million tons of metal last year. This winter's power shortages and transportation snarls may cut deeply into production.
And that may just be the spark needed to ignite a rally in the market.
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