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 Copper price predicted to slide		  New Topic  New Poll New Poll
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agui
Penny Sorter Member


72 Posts
Posted - 06/12/2008 :  23:37:07  Show Profile Send agui a Private Message  Reply with Quote
The copper price is expected to move downwards in the second half of the year with only supply-side disruptions possibly preventing a softening in price.

The Fortis Metals Monthly said today the bullish case for higher copper prices rested too heavily on the assumption that Chinese demand for refined copper will recover after the seasonally lower demand of mid-year.

The report said the Chinese government's determination to rein in the country's growth will be more evident after the Olympic Games event and risk will then be fully to the downside.

more information:http://www.worldscrap.com/modules/news/article.php?aid=7534

fiatboy
Administrator



912 Posts
Posted - 06/13/2008 :  03:14:47  Show Profile Send fiatboy a Private Message  Reply with Quote
Two steps forward, one step back. That's how I see it.

This is a very bearish article indeed, but I guess I'm a copper permabull.
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson
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Tourney64
Penny Hoarding Member



USA
713 Posts
Posted - 06/13/2008 :  06:13:52  Show Profile Send Tourney64 a Private Message  Reply with Quote
Futures prices for the next 18 months don't really reflect a drop. Usually when prices are abnormally high, you will see a drop in future periods and it's not evident with copper futures.

Copper Comex Future prices 8/12/08
Month Last
Jun-2008 3.5325
Jul-2008 3.5380
Aug-2008 3.5390
Sep-2008 3.5415
Oct-2008 3.5770
Nov-2008 3.6125
Dec-2008 3.5260
Jan-2008 3.5580
Feb-2008 3.5510
Mar-2008 3.5045
Apr-2008 3.5360
May-2008 3.5285
Jun-2008 3.5210
Jul-2008 3.5135
Aug-2008 3.5060
Sep-2008 3.4985
Oct-2008 3.4910
Nov-2008 3.4835
Dec-2008 3.4760
Jan-2008 3.4370
Feb-2008 3.4470
Mar-2008 3.5725
Apr-2008 3.5555
May-2008 3.4640
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fb101
Penny Hoarding Member



USA
894 Posts
Posted - 06/13/2008 :  21:08:00  Show Profile Send fb101 a Private Message  Reply with Quote
China may be reigning in inflation later, but India will be coming "online" - another Billion people. I have faith tht in the long term copper will rise, not the least reason being the long term direction of the dollar is down.
A materialistic society cannot afford credit, it will inevitably implode.
Life and success are a "do it yourself" thing
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