Commodity Trade Mantra

Posts Tagged ‘Chinese Copper’

The World Has Less Than 5 Days Worth Of Copper Inventories

Global copper inventories fell from 477,014 mt in Mar, to 355,075 mt in Apr. Why would global copper inventories be falling if production is increasing, demand falling & China with a supposed GLUT of copper inventories to work through? Why did Chinese copper imports increase 18.7% Jan-Jul? Does that make any sense whatsoever?

Goldman Explains How The China Commodity Unwind Will Happen

If foreign banks try to reduce their broad exposure to Chinese commodity financing business via cutting commodity clients’ loan quotas and/or raising funding costs, this could reduce CCFDs’ ability to access cheap foreign funding and could potentially raise FX financing costs in future, thus affecting the profitability of CCFDs.

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