| Copper prices were influenced by Chinese demand and many investors used to look at Chinese import figures and domestic demand to predict future trends in copper. But recent data suggest that copper trends may have finally divorced from Chinese demand, a Citigroup report states.
Copper prices have rallied since the beginning of 2012 and the trend seems to be largely unrelated to Chinese demand. Copper inventories in China is rising, premiums for the physical metal is softening and traders have been absent from the market since December. In spite of such negative Chinese indications, prices have risen since January this year...............................................Full Article: Source
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