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Bonnie Liu from Macquarie estimates 25% of China's Q1 copper imports were due to a scheme firms...

  • Thursday, May 19, 2011, 1:07 PM ET
    Bonnie Liu from Macquarie estimates 25% of China's Q1 copper imports were due to a scheme firms are using to obtain cheap credit, rather than true end demand. Part of the plan relies on high Shanghai copper prices - if they continue to fall, there will be a lot of folks long the metal needing to get out.
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This news story has 2 comments:

  •  
    There are always copper stories from China. Last year somebody was saying China is stockpiling copper to make profit. These are just stories. Copper is in high demand from China, India and Brazil.
    19 May 2011, 01:15 PM Reply Like
  •  
    Bonnie just quoting the original scoop by article in UK's Financial Times earlier this year.
    19 May 2011, 01:43 PM Reply Like
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