SG Commodities Review: Copper
Robin Bhar
2013.03.20
■ Copper prices have lost their anchor at $8,000/t. Reasons for the sharp fall include weak physical demand, soaring exchange stocks of copper, disappointing data from China, and lack of Chinese buying after the Lunar New Year holidays concluded in mid-February.
Showing posts with label Robin Bhar. Show all posts
Showing posts with label Robin Bhar. Show all posts
Saturday, March 23, 2013
Wednesday, November 21, 2012
2013 Outlook Commodities Review: Copper
2013 Outlook
Commodities Review
Copper
Robin Bhar
Key points
■ At current levels, around $7,600/t, we anticipate limited downside risk as fundamentally the copper market remains tight; there is scope for prices to rise given a belief that the Chinese economy has bottomed and a rebound is expected over the coming months.
Commodities Review
Copper
Robin Bhar
Key points
■ At current levels, around $7,600/t, we anticipate limited downside risk as fundamentally the copper market remains tight; there is scope for prices to rise given a belief that the Chinese economy has bottomed and a rebound is expected over the coming months.
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