| INTL FCStone said that it sees a gradual grind lower in copper during September, with potential for other London Metal Exchange base metals to soften as well. The LME base metals group has been withstanding the weakening macro picture out of China quite impressively, but INTL FCStone is not sure how much longer it will be able to shrug off the poor numbers.
INTL FCStone thinks zinc and copper are likely the most vulnerable, and although aluminum looks very solid on the charts, it is also getting quite overextended in light of the fact that production growth, particularly from China, continues to outpace domestic demand...............................................Full Article: Source
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