Tue, Oct 21, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Chinese grid spending may signal slower copper demand

Posted on 16 October 2013

As goes Chinese copper demand, so goes the price of copper–and Chinese copper demand is looking a bit peakish. In the latest sign of slowing demand growth, Barclays analysts said Tuesday that Chinese investment in power grids fell 15% in September to 31 billion yuan ($5.1 billion), marking the first year-on-year fall in 2013.
“While the figure may not have included robust tenders in late September, investment growth and related copper demand could continue to trend lower,” the analysts said in a report………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37561 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031