29.10.2013 - Copper market: Place not too much trust on China
China accounts for about 40% of the global copper consumption and hence has a great influence on prices. China refined copper consumption rose to record levels in September and a modest uptick in sHFE stocks may suggest a supply surplus dynamics evolving, according to Barclays Research. The critical question for the copper market and price performance is whether the strength of Septemberís apparent consumption can be sustained into Q4 2013. From a refined production perspective, Septemberís 45% y/y surge in copper concentrate imports, surpassing 1Mt to a new record, would suggest support for continuation of this trend...............................................Full Article: Source
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