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Copper: Weak demand and low expectations in store, says CESCO meet

Posted on 06 December 2012

Analysts with Barclays Capital said that many views expressed during last week’s CESCO Asia Copper Week were for weak demand and low expectations. During the week, Codelco offered to cut 2013 premiums for China.
“Many traders had hoped for a bigger cut, but most participants we talked to expect contracted tonnages to fall only by around 10%, given the need to maintain a steady supply amid uncertainties,” said Barclays………………………………………..Full Article: Source

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