Boomende Kupferpreise waren Ende 2006 deutlich gefallen.
Grund genug 2007 dran zu bleiben?
Hab´ vor etwas in CU_Mines zu diversifizieren.
Um Fragen zuvor zukommen und als Disclaimer:
Es gibt keinen Link,
nur Gogh´s weiche Birne
Das schliesst ein. Es gibt Artikel, die werden nur widergegeben,
weil Gogh das Gegenteil fur zutreffend haelt.
In diesem Sinne:
Shanghai Copper Falls to Nine-month Low on Signs of Weak Demand
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Jan. 16 (Bloomberg) --
Copper futures in Shanghai fell for a third day, reaching a nine-month low after dropping the daily limit on rising global stockpiles of the industrial metal and speculation that supply will outpace demand.
Copper inventories monitored by exchanges in London, Shanghai and New York have jumped 59 percent in the past three months to 270,212 metric tons yesterday, the highest level since June 2004. Prices have slumped over 30 percent from all-time highs in May 2006 amid concern the slowing U.S. housing market and falling imports by China are reducing demand for the industrial metal.
``We expect copper to continue to fall back in the first quarter, with occasional small rebounds along the way,'' said Li Rong, an analyst at Great Wall Futures Co., today. Investors are increasing their short, or sell, positions, Li said, referring to his company's clients.
Copper for delivery in March on the Shanghai Futures Exchange fell as much as 2,170 yuan, or 4.0 percent, to 51,990 yuan ($6,675) a metric ton, the lowest since April 5, 2006. The contract settled at 52,620 yuan.
Metal for immediate delivery in Changjiang, Shanghai's biggest spot market, fell as much as 2,550 yuan, or 4.4 percent, to 54,800 yuan a ton today.
Copper for delivery in three months on the London Metal Exchange fell $80, or 1.4 percent, to trade at $5,550 a ton at 3:28 p.m. Shanghai time.
Economic expansion in the U.S., the world's second-largest copper user, slowed in the third quarter to a 2 percent annual rate from 2.6 percent in the previous quarter after home building fell the most in 15 years.
Chile, the world's biggest copper producer, said yesterday its exports of the metal declined in December to an eight-month low amid signs of weakening demand in the U.S.
Chinese demand
Imports by China, the world's biggest copper user, fell 19 percent from January to December last year to 2.1 million metric tons. Growth in China expanded 10.5 percent in 2006, down from 10.7 percent in the first three quarters, National Development and Reform Commission head Ma Kai said Jan. 12 in a statement.
China's domestic copper prices will fall back ``to some extent'' in 2007 as supply is expected to meet demand, and they will average 60,000 yuan ($7,703) a ton, China's top economic planning body National Development and Reform Commission said on its Web site today.
Shanghai aluminum also fell, as much as 390 yuan, or 2.0 percent, to 19,500 yuan a ton and settled at 19,690 yuan.
A futures contract is an obligation to buy or sell a commodity at a fixed price for a specific delivery date.
To contact the reporter for this story: Xiaowei Li in Shanghai at Xli12@bloomberg.net
