Copper Traders Encouraged by Chinese Data
Copper – The Financial Post reported that copper traders are bullish, encouraged by data that suggest a likely increase in Chinese demand.
Articles Tagged "chinese demand"
Lackluster Chinese Demand Hinders Copper
Copper – Reuters reported that worries about Chinese demand brought copper down on Friday. Subdued demand from China, the world's top copper consumer, has also left copper set to fall for three of the last four weeks.
Tin Ready to Outperform Nickel
Tin – Tin and nickel have been in a battle for the highest priced non-precious metals traded on the LME. Currently the price of tin on the LME is $23,450 per tonne, while nickel is priced at $21,645 per tonne. Comparing the supply and demand fundamentals of the two markets is essential.
Six commodities that have been hijacked by Chinese demand
Tin – The Financial Post.com reports that because of China’s growing appetite for consumption of various commodities, including tin, there is danger of prices moving beyond what China can afford
Ironing Out The Issues
The pricing of iron ore, between mining giants and China, is escalating into a high stakes game. Who stands to benefit? Canadian iron-mining companies, especially producers from Quebec and Labrador. Already, 2010 is looking good. The steel market is also set to expand by 9.2 per cent in 2010, on rising demand from the [...]
Chinese Mills Turn On the Heat
Iron Investing News reports the heat is on with iron ore purchases. “We’ve never heard of any steel mill in China who has said they wouldn’t prefer a benchmark, as the spot price is dangerously volatile,” he said on the sidelines of a conference. “Those that choose not to follow it, then they have to [...]
More good times for Copper
Copper Investing News reports copper price has rallied over the last quater and has become the top performer among metals. Copper’s ascent has been fuelled by Chinese purchases depleting available inventories. Refined copper imports by China, the world’s biggest consumer, will also increase this quarter, Wang Chiwei, vice president of Jiangxi Copper Co., China’s largest [...]
Molybdenum’s route for a slow recovery
Moly Investing News reports demand for molybdenum may rise in China. Government spending will spark a recovery in steel demand towards the end of the year; but its mark on the molybdenum market will be limited. Demand for molybdenum in China likely will rise 6 per cent to 53,400 tonnes this year, then slip to [...]
Tin set to recover
Tin Investing News reports tin is said to recover before any other base metals according to Resource Capital Research, a Sydney based company. Unlike most of the other base metals, there is no growing tin surplus. Inventories held at the London Metal Exchange now sit at 8,820 tonnes, against a 52-week high of 11,430 tonnes. [...]
Copper’s wild ride
Copper Investing News reports copper prices have been going on a wild ride. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on to the Resource Investing Newsletter.
