Buyers are too optimistic about copper


Hello everybody,

China made some interventions to spice up their financial system, however imo buyers are too optimistic on the end result within the quick time period.

This possibly offers a brief time period improve in copper demand, however it is going to be quick lived imo.

And within the meantime the copper inventories are nonetheless very excessive at present.

Supply: https://stenoresearch.com/macro-nugget-chinese-copper-stock-continuing-to-baffle/

The LME copper shares are additionally very excessive in comparison with earlier months and years: https://www.westmetall.com/en/markdaten.php?motion=desk&discipline=LME_Cu_cash

Quickly or later professionel buyers that elevated their bodily copper holdings in This autumn 2023 till August 2024, will begin to promote that copper once more to get money.

Money to repay JPY loans possibly?

My put up of a month in the past: https://www.reddit.com/r/Commodities/feedback/1ew068o/im_bearish_on_copper_for_2h2024_early2025_but/

I'm strongly bullish for copper within the Long run, as a result of the longer term demand of copper is big, whereas there aren't that a lot new huge copper initiatives able to turn into a mine in coming years

This isn't monetary recommendation. Please do your individual due diligence earlier than investing

Cheers

submitted by /u/Napalm-1
[comments]



Source link

Related articles

V2X, Inc. (VVX) Q2 2025 Earnings Name Transcript

V2X, Inc. (NYSE:VVX) Q2 2025 Earnings Convention Name August 4, 2025 4:30 PM ET Firm Individuals Jeremy C. Wensinger - President, CEO & DirectorMichael J. Smith - Company Vice President, Treasurer, Company Improvement...

Google Pixel 9a drops to a brand new record-low value, saving you $100

Rita El Khoury / Android AuthorityThe mid-tier smartphone market is more healthy than ever. There are many nice telephones at very affordable value factors. Certainly one of our favorites is the Google Pixel...

Nasdaq 100 Correction in Play: Elliott Wave Flags W-4 Earlier than W-5 Rally

Just a little over three weeks in the past, we discovered for the by utilizing the Elliott Wave (EW) Precept, “… though we can not predict or rule out any extension of the...

A high designer was banned from Dribbble. Now he is constructing his personal competitor.

Dribbble has completely banned dozens of designers from its platform following a brand new effort to pivot to a market and chase monetization. This contains one of many platform’s most well-known designers, Gleb Kuznetsov, founding...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com