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A 50% fall in Chinese inventories over the past 2 months - from 600K tons to 300K tons -...

A 50% fall in Chinese inventories over the past 2 months - from 600K tons to 300K tons - suggests the country will soon have to step up copper imports, giving support to the price. With much of the commodity sector having gotten hit lately, copper has held its own, suggesting this information is priced in.
Comments (1)
  • SirDigbyChickenCaesar
    , contributor
    Comments (44) | Send Message
     
    We all know how reliable Chinese inventory reports are, especially when HSBC, JPM, and GS all are long copper. Google bbc copper bubble for a very interesting report.
    20 Jun 2011, 12:10 PM Reply Like
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