Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

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

China Copper demand may go up further in 2014 on grid spending

Posted on 13 January 2014

Chinese copper consumption may go up this year as the state grid forecast a 13% increase in spending. The power sector accounts for more than 40% of Chinese copper demand, and outsized spending in 2013 helped tighten the Chinese market for most of the year, said London based Barclays in its recent market analysis.
“The new target exceeds our expectations and suggests that copper demand from the power sector could stay as strong, if not stronger, in 2014,” the bank said………………………………….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