Commodity Trade Mantra

Posts Tagged ‘Copper Inventories’

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.

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?

Copper and Aluminum Rally on Supply Deficit

Copper prices have been rebounding as demand for copper expands to a record in China & use in the U.S. climbs to the highest since 2009. Global copper inventories have fallen by almost half this year & are near the lowest since 2008. Aluminum rose to the highest in 18 months as global production trails consumption.

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