CHINESE SHARE SCARE: Weak demand likely to limit price fixing

Even after seeing copper prices drop to their lowest level in six years, it is unlikely that copper consumers will be looking to lock in prices on large volumes, given the underlying weakness of the market across Asia, Europe and the USA, particularly as factories prepare for summer shutdowns.

Brokers have reported some physical pricing interest since the rout, particularly in Asia, but with the possibility of further macroeconomic ructions looming large in China and in Europe, consumers are not making large commitments, sources said. 
In the physical markets, interest in fixing cathode has been muted in Europe, and is likely to die down further after the rebound seen on Thursday, sources suggested.

“We’ve seen one or two of the more opportunistic brass mills in Italy coming to...

Published

Mark Burton

July 09, 2015

16:55 GMT

London