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Slowing China concerns may weigh on base metals, says OCBC

Posted on 11 June 2013

China’s slowing economic growth is weighing on base metal prices. The country’s consumer inflation rose 2.1 per cent on-year in May, compared with 2.4 per cent in April. “The sluggish economic indicators seen may continue to pressure base metal prices today,” OCBC Bank says in a note.
Base metals are sensitive to economic data from China, the world’s biggest consumer of industrial metals. However, in copper, OCBC says markets may get concerned about supply risks after recent shutdowns at Grasberg and Utah………………………………………..Full Article: Source


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