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Barclays: Chinese downside surprises may turn negative for base metals

Posted on 21 November 2011

Recent data has supported the view that China is engineering a soft landing. But uncertainty over Europe and a weakening picture for Chinese export demand are denting the confidence of local consumers and the potential for contagion to spread from Europe is the biggest downside risk to base metals prices, said Barclays Capital in a briefing.
The markets are already discounting a bearish European scenario and bank would not be surprised to see a contraction in European metals demand………………………………………..Full Article: Source


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