Commodity Trade Mantra

Posts Tagged ‘Copper Imports’

For Copper Prices - It's Been a Bad Few Years

Copper prices have been falling for five years. By last year the situation had deteriorated enough to prompt a slew mine cutbacks, totaling several hundred thousand tonnes & the market is now expected to fall into deficit in this year. Copper prices have fallen so far that little downside remains. Positioning in the best copper equities today will pay off down the road.

Copper Hits Fresh Lows Not Seen Since March 2009

China is facing an unprecedented drop in refined copper imports as a slowing economy erodes demand. Concerns metals demand is ebbing deepened as Codelco, the biggest copper producer, cut its surcharge for sales to China by 26 percent next year. The reduction highlighted waning consumption in the Asian country.

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.

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?

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