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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