Results 1 to 3 of 3
  1. #1
    Junior Member

    China Copper Prices May Witness New Lows in Q4 2013: Barclays !!!

    “Our economists have cautioned that implementation of the new government’s agenda of no stimulus, deleveraging and structural reform means there is an increasing downside that China could experience a temporary hard landing in the next three years,” the bank noted.

    LONDON : Copper prices in China may witness new lows in the fourth quarter of this year on rising copper mine supply, recent liquidity tightening and lower base metals consumption, stated London based Barclays in its recent market analysis.

    “Our economists have cautioned that implementation of the new government’s agenda of no stimulus, deleveraging and structural reform means there is an increasing downside that China could experience a temporary hard landing in the next three years,” the bank noted.

    In the first quarter of 2013, world copper consumption is estimated to have declined by around 5.3% compared with that in the same period of 2012, according to International Copper Study Group (ICSG). Chinese apparent demand declined by 10% owing to a 46% decline in net imports of refined copper.

    Excluding China, year-on-year world copper usage declined by around 1.7%. On a regional basis, usage is estimated to have declined by 7.8% in Africa, 1.8% in the Americas, 7.6% in Asia, 0.2% in Europe, and 14.3% in Oceania.

    Read more: http://tradingtipsexpert.wordpress.c...2013-barclays/

  2. #2
    Veteran Member Ammeo's Avatar
    Very good report, 2013 has been a year of disaster for metals. Copper should be no different.

  3. #3
    Junior Member anderson's Avatar
    Nice reading.

    Really interesting statement!

    China is one of the major world consumers of commodities and the price of all the commodities, like metals, crude oil and grains are strongly affected by the China economy growth. If the China economy fell into a depression or even a slight growth decrease we could see much lower prices for all the major commodities. There are already some signs of China slowing down and if it is confirmed in the future this could be a real disaster for the commodities.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3