Copper 02 (Nov 12 - Dec 18)

Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Thu Mar 23, 2017 11:22 am

Why UBS Is Bullish On Copper

By Shuli Ren

Copper demand in China will grow by 6.1% this year thanks to the booming property market.


We estimate the property sector accounts for ~23% of China’s copper demand.


UBS sees a supply deficit from 2017 to 2019.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... on-copper/
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Thu Mar 30, 2017 1:40 pm

How To Play The Coming Copper Boom

by James Burgess

Three forces are driving one of the most exciting times in copper-mining history:
1. Trump’s $500-billion infrastructure plan,
2. the Fed’s interest rate hike, and
3. the beginning of a new Chinese run on the metal.


Source: Oilprice.com

http://finance.yahoo.com/news/play-comi ... 00821.html
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Tue May 02, 2017 2:12 pm

Copper futures spike in freak move that Wall Street can't quite explain

by Evelyn Cheng

Analysts couldn't point to a specific headline behind a more than 2.5 percent jump in copper prices Monday morning

Thousands of workers at Freeport-McMoRan's Grasberg mine in Indonesia staged a rally Monday ahead of a planned month-long strike that could constrict supply.

Key copper-trading markets in London and Shanghai were closed Monday for a holiday.

Source: CNBC

http://www.cnbc.com/2017/05/01/copper-f ... yptr=yahoo
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Fri Jun 30, 2017 8:00 am

Chart of the day: Positive outlook for copper

by Nicole Elliott

Despite the lack of price action, which might account for position-trimming, Shanghai copper volumes remained strong this year.

The upside progress we had expected by now has not materialised and momentum is neutral, so no wonder moving averages are a mess.

However, despite all the above, the essential concept of triangle consolidation following November’s very strong rally means that we are still working in what looks like a massive pennant chart pattern.

This is bullish, and a very large and rising Ichimoku cloud is supportive. Therefore, we reiterate our positive view on this market.

With a little luck, the lagging line will get a lift from the candles of 26 weeks ago and we will break higher.

Source: SCMP

http://www.scmp.com/business/commoditie ... ook-copper
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Tue Jul 18, 2017 7:59 am

not vested

China data boosts copper

Copper rose 1.08 percent to $5,989.75 a tonne, touching its highest level since early March, as the economic data from top consumer China helped reinforce expectations of strong demand.

NEW YORK: Copper prices surged to their highest levels in more than four months after robust data supporting China's economic growth, while a gauge of global stocks marked a record high for a third straight session.

China's economy expanded at a faster-than-expected 6.9 percent clip in the second quarter, setting the country on course to comfortably meet its 2017 growth target.

Copper rose 1.08 percent to $5,989.75 a tonne, touching its highest level since early March, as the economic data from top consumer China helped reinforce expectations of strong demand.

"There's a bid across the complex on the Chinese data," said Macquarie analyst Vivienne Lloyd.

Investors were also digesting U.S. data from Friday pointing to tame inflation and soft domestic demand that diminished prospects of a third interest rate increase from the Federal Reserve this year.

Expectations for another Fed rate hike in December stand at a less than 50 percent.

"The markets are not convinced the Fed is going to be tightening rates anytime soon," said Vassili Serebriakov, FX strategist at Credit Agricole in New York. "In that kind of an environment, the dollar is struggling."

Source: Reuters

http://www.thestar.com.my/business/busi ... RERIdEO.99
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Re: Copper 02 (Nov 12 - Dec 17)

Postby behappyalways » Thu Jul 27, 2017 11:43 am

Copper roared to its highest level in more than two years thanks to China
http://www.cnbc.com/2017/07/26/copper-h ... china.html
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Fri Jul 28, 2017 8:09 am

Chart of the day: Shanghai copper on bull run

by Nicole Elliott

Momentum for front-month copper futures in Shanghai at last turned bullish 10 days ago and the MACD this week is suggesting one should consider buying the contract.

Interestingly, New York’s high-grade copper futures have also rallied this week to their highest level in just over two years, confirming this is likely to be a global theme.

This week’s surge in Shanghai has broken clear of the top of the pennant pattern we wrote about a month ago.

Hopefully on Friday, this market will close above 49,380 yuan (US$7,310) per tonne, a 38 per cent Fibonacci retracement level from 2011’s high, thus increasing bullish pressure.

Our first measured target is 51,400 yuan and then 53,650 to 54,350 yuan.

Source: SCMP

http://www.scmp.com/business/commoditie ... r-bull-run
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Thu Aug 03, 2017 8:47 am

Bear market in copper over ?

After years of falling and unsustainably low copper prices, it looks like the bear market in copper is over.

Copper trades at about $2.87 per pound today. On the upside, if copper rises back up to $3.50 per pound – where it bounced around for most of 2012 – 22% gains are possible from here.

If the bull market gets going and copper hits $4.50 per pound – just below its old peak – prices could rise by 57%.

If Friedland and some of the other natural resource experts here are right, though, copper will likely break out to new all-time highs. Gains of 80% or more are possible.

We may be in the early stages of a big bull market in commodities. Copper was crushed in the recent bear market… Production is slowing… And demand is increasing.

Now, it’s time for the price of copper to climb. Invest accordingly.

Source: Daily Crux
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Fri Aug 04, 2017 8:57 am

Copper: Is a Correction Coming?

By Robert Guy

Stronger demand for copper will remain supportive of prices in the near term.

But, rising supply and an expected cool down in the Chinese economy should bring the market back into a small short-term surplus near the beginning of Q4-17, and keep the price rise contained.


Source: Barron's Asia

http://www.barrons.com/articles/copper- ... 1501749868
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Re: Copper 02 (Nov 12 - Dec 17)

Postby winston » Sun Aug 27, 2017 8:59 pm

Copper Stockpiles Sink Most in 12 Years Amid Traders' Tug of War

by Mark Burton

Metal that has left LME warehouses will likely be held in private storage by traders, amid hopes that mine disruptions and rebounding demand will erode a supply glut this year.

“The effect of tighter mine supply will eventually feed through, but that will be more of a story for 2018”.


Stockpiles fell 1.7 percent to 240,825 metric tons on Friday, bringing the drop for the week to 11 percent. That’s the most since October 2005 and marks a seventh straight week of declines.


Stockpiles slumped 8.2 percent on the Shanghai Futures Exchange, and refined copper imports rose 12.8 percent in July, up for a third month following a slump to an 18-month low in April.


Source: Bloomberg

https://finance.yahoo.com/news/copper-s ... 58504.html
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