Demand for copper unlikely to rebound fast, traders say
Dec 22, 2006 | 04:42 PM
| Sean Barry
Soft demand for copper is expected to continue into the New Year as consumers report weak order books in the wake of the U.S. housing slump, according to traders.
Copper inventories remain high at the Comex division of the New York Mercantile Exchange—32,883 short tons at the close of business Friday—and traders reported very quiet market conditions, with consumers pushing delivery dates further out.
Rod mills continue to see faltering orders for such products as plumbing tube and building wire following a major slowdown in the residential construction market. De-stocking by consumers and distributors ahead of the end of the year also soured the market, traders said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here