Short Copper Prices After Import-led Rally, Barclays Says

  • Monday, August 12, 2013
  • Source:

  • Keywords:copper stronger-than-expected copper prices
[Fellow]
[Ferro-Alloys.com] Barclays has advised clients to short copper following a run of stronger-than-expected imports into China that has helped to lift prices on the London Metal Exchange to nearly $7,300 per tonne on Friday August 9, the highest level in two months.
 
The bank correctly forecast last month that stronger refined copper imports into China would spur a rally in copper prices.
 
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
  • [Editor:editor]

Related News

·India Relaxes Steel Import Standards08-09
·JSW Steel to Maintain Capacity Utilisation at 80% at Karnataka Pla...08-09
·Jindal Steel & Power Ltd Commissions India's Largest Steel Melting...08-09
·Steel Import Norms Eased for Mega Projects08-09
·Rio Tinto and the Australian Tax System08-09

Tell Us What You Think

please login!   login   register
Please be logged in to comment!