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Copper may benefit from pick up in China’s home appliance sales: Barclays

Posted on 05 November 2012

Increased output of home appliances in China bodes well for copper, helped by demand around holidays in the country, said Barclays Capital in a commodity research note. According to the British bank, Chinese official data show that refrigerator, air conditioner and washing-machine production rose 8%, 14% and 25% year-on-year, respectively, in September.
“Although demand was amplified by the holiday effect, September data suggest that more positive signals are emerging from one of the worst-hit sectors this year,” they continued………………………………………..Full Article: Source


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