Wed, Aug 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

53% of copper smelters bullish to copper price

Posted on 22 August 2013

A survey of 24 Chinese copper smelters undertaken by Shanghai Metals Market (SMM) reveals that 53% of the surveyed smelters expect copper price on London Metals Exchange (LME) to rise to USD 7,400-7,500/mt. The expectation is based on positive reports lately and the current liquidity conditions which are more relaxed than June’s levels.
Moreover, Xu Shaoshi, official from the National Development & Reform Commission, confirmed the strong potential investment demand in China, and stated that the government will adopt multiple measures to give consumption and investment full play in the national economy. As such, many still believed pro-growth measures may be introduced despite the absence of massive stimulus………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36521 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31