Thu, Mar 5, 2015
A A A
Welcome preal121
RSS

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

Barclays raises 2014 zinc, copper price outlook on higher demand

Posted on 14 January 2014

Barclays on Monday raised its zinc and copper price forecasts for 2014 citing improved demand outlook for the industrial metals. The bank sees zinc at $2,138 per tonne in 2014 and forecasts copper at $7,125 per tonne this year, it said in a note.
“We expect the global refined zinc surplus to shrink markedly this year and for the market to move into its first deficit in almost a decade in 2015,” it said. Barclays said it expects copper to move into surplus in 2014, weighing on prices, though it said the surplus would likely be small and short-lived. ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 39513 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031