Demand for raw materials will start to recover in 2010, Morgan Stanley estimated in a study

Demand for raw materials will start to recover in 2010, Morgan Stanley predicted in its study. Growth will be due to investment demand, not by consumers.
However, in the case of occurrence of a second wave of economic crisis (such as some estimates) and the failure of economic policy of China, the prices of basic metals and other raw materials will fall, experts warn.
Significant support for the market of raw materials, according to experts of Morgan Stanley, were undertaken by governments of different countries on a scale unprecedented measures to support their economies which, in turn, help increase the consumption of raw materials.
Rate of fall in prices of basic raw materials as a whole last year were record for the past 50 years due to the reduction of demand in terms of global economic crisis. Noted recent indicators indicating the increase in manufacturing activity in the world can be assumed that this year will be „reached the bottom of the global recession,“ noted analysts from Morgan Stanley, cited by Gazeta.ru. According to World Bank estimates of gross domestic product (GDP) in the world as a whole in 2010 will rise by 2 percent after the decrease in 2009
Analysts from Morgan Stanley provides that in 2010 the main raw materials of the highest growth in prices would indicate, in particular metal – copper. According to the survey „from the upcoming increase in the prices of most metals will“ win „the brass, since it has the resources and has negolemi factors limiting the rapid increase in supply due to increased demand. Analysts indicate that in aluminum, aluminum oxide and zinc no such factors (such as reduced stocks, etc..) Facilitating rapid removal of the price.
According to estimates of experts familiar with the trading of metals, the price of copper in 2010 will be in the range 4500-5000 USD / t. They explain that the copper in their investment properties like gold. In this connection, and Unicredit Securities forecast that next year the prices of raw materials and especially metals will increase, but not because of consumer demand and investment demand due.

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