Commodity Trade Mantra

Posts Tagged ‘Copper Traders’

Copper, Zinc & Nickel Prices Leap - Base Metals Rally as Bulls Hungry for More

Copper is looking strong, apparently due in part to China stockpiling it. Right now it is overbought and has resistance to work its way through, so periods of consolidation are to be expected. Base metals have been lifted by sustained demand growth and restrained supply. Of all the base metals, zinc exhibits the most bullish fundamentals, with LME inventories that are running near empty.

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?

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