Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Metals and Minerals, Research more

Barclays upwardly revises 4Q, 2014 copper forecasts

Posted on 01 November 2013

Barclays has revised upward its copper forecasts for the fourth quarter and 2014, although it lists a downside risk to prices down the road. “In the copper market, China has been taking advantage of strong supply growth following years of scrambling around for the metal,” the bank says.
A Chinese stocking cycle for base metals is in full swing. “However, the danger is the more China buys now, the less it may need later on,” Barclays says. “We see this as a risk to prices, especially in 2014. In the meantime, however, as long as China keeps on buying, prices will be supported…………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031