China copper demand growth forecast cut
Sep 19, 2012 | 11:30 AM
| None
Tags
CICC,
copper,
LME,
Comex,
copper demand,
copper,
China,
forecasts
refined copper
SHANGHAI, China — China’s copper demand growth forecast for this year has been cut to 4.2 percent from 5 percent, analysts from China International Capital Corp. (CICC) said in a report.
"At this point, we do not see a compelling physical backdrop (more aggressive Chinese fiscal measures notwithstanding) to sustain prices much above our base case," according to the Sept. 18 report issued by a team of CICC analysts led by James Luke.....
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