The second quarter is China’s peak demand period- it is usually during this time that the world’s top copper consumer stocks up on supplies from the copper market. However, a premium of London vs. Shanghai copper prices has some analysts wondering if China will wait before coming to market.
Despite copper's slide in price, the metal is holding ground compared to other commodities. Japan's reconstruction efforts are apt to boost metal demand in the medium term.
There is a fundamental shift underlying the copper market’s demand dynamics. The United States is losing ground in terms of copper demand, whereas the demand from the emerging markets is skyrocketing.
China has been rapidly moving forward, to dominate the commodities rally and more than compensating for the rest of world’s shortcomings. Wayne Atwell, Managing Director at Casimir Capital L.P., comments on what he believes has made China a force to be reckoned with.
Usfunds.com reports on the role of China on Copper Market.
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the [...]
By Leia Michele Toovey- Exclusive to Copper Investing News The arbitrage window that allows profitable imports of copper from the international market into China snapped closed on Thursday as the gap between Shanghai and London markets narrowed sharply. Half the available copper stock in Asia and 10 per cent of the material in Europe is [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]
The International Copper Study Group found world refined copper usage was higher than production by 155,000 tonnes between the months of January and May 2008. The same period a year-ago showed a 238,000 tonne deficit. The Lisbon-based ICSG said world refined copper output in January to May was 7.553 million tonnes, while consumption totaled 7.708 [...]
By Leia Michele Toovey – Exclusive to Copper Investing News Copper prices edged forward at the end of the week, supported by renewed optimism in the American housing market. May 2008 was the slowest month since 1991 for new home construction. Unexpectedly, on Thursday the United States Commerce Department released the good news that in [...]
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