Commodity Trade Mantra

Posts Tagged ‘Chinese Housing’

Copper Breaches $5000, Breaks Below 15-Year Trendline

The plunge in copper means almost one in five mines globally is losing money. Some mines will have to cut supply or close if prices stay so low. While disruptions in mining have reduced supply, it’s not been enough to support prices. Copper producers are likely to miss production targets by up to one million tons this year. This should provide a cushion for copper prices.

On The Coming Collapse Of Copper

Metals and mining commodities – including the base and bulk commodities, steel and cement – are highly exposed to a slowdown in the Chinese property, with over 40% of Chinese demand for cement and copper in particular consumed in the construction sector.

China Households Massively Exposed To Housing Bubble That Has To Burst

China’a housing market is clearly oversupplied. Existing housing stock is sufficient for every household to own one home, and China is supplying about 15 million new units a year. The housing bubble has to burst & the hit to household wealth will have a long term negative impact on consumption.

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