Date And Time:

Our Performance Of Aug 2017

Today's Message


FREE TRIAL


SEND SMS FOR FREE TRIAL


EQUITY - COMMODITY OR BOTH


TO


09920033678


AND GET 3 DAYS FREE TRIAL


www.GoldSilverAlert.com





Date: 24-Mar-2017:



USDINR opened at 65.51 and closed at 65.41 on Metropolitan Stock Exchange of India In India.


Wednesday, June 1, 2011

China's Appetite For Overseas Oil, Copper, Aluminium, Iron ore & Coal


There are early signs that China's appetite for overseas oil, copper, aluminium, iron ore and coal will recover in the second half of 2011, having been dogged for much of the first half by the government's campaign to put the brakes on growth and inflation.

Higher seasonal demand, shrinking stockpiles and a narrowing gap between domestic and LME prices indicate that China's copper demand may be turning a corner, even if Beijing doesn't relax its tightening stance.

"Industry cross-checks show that there has been significant destocking for copper and others such as iron ore and coal," said Andrew Driscoll, a Hong Kong-based commodities analyst at CLSA.

"Should inflation be reined in, which we expect it would be, then we should see restocking activity fed by a recovery in imports in around the third quarter."

Copper imports in China, the world's second-largest producer after Chile, slumped 21 percent from a year ago to 596,000 tonnes in the first quarter and tumbled another 48.3 percent in April as the arbitrage window was closed.

Imports of LME-priced copper are now about 1,100 yuan more expensive than domestic supplies, down from 1,500 yuan at end-April, based on Reuters calculations, making it unprofitable to bring in material.

Our basic needs are: Air, Water and Food.
Our Additional needs are: Aluminum, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc.
Email, Equity, Share Market, BSE, NSE
Recent Articles By Arya : -

Get Free Trial

FREE TRIAL

SEND SMS FOR FREE TRIAL

EQUITY - COMMODITY OR BOTH

TO

 09920033678

AND GET 3 DAYS FREE TRIAL

www.GoldSilverAlert.com

Advertisement

Now buy in India from World Leader - Amazon