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Bright spot in China copper consumption picture

Posted on 22 July 2013

Chinese copper consumption is facing bearish sentiments; however, subsequent to adjusting for bonded and SHFE stock fluctuations, the Middle Kingdom’s apparent copper demand has climbed 29% y/y in April and May! What is wrong (or for that matter, ‘right’) here?
Barclays believes that the strength in Chinese refined production and draws in bonded and SHFE stocks is the cause behind this drive. And above all, the changes effected in import finance policy have the potential to boost imports and fuel apparent consumption………………………………………..Full Article: Source


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VRS - who has written 41708 posts on Opalesque Commodities Briefing.


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