Industrial commodity - Copper: Outlook remains bearish - ICICI Bank : Treasury Research

Copper prices have fallen in June amidst growth concerns in top consumer China and bloated global inventories. However, Shanghai spot premium has risen to a 4-year high as firms reportedly import copper to obtain financing amidst credit crunch. Nevertheless, in the absence of strong industrial demand, higher imports have led to a rise in China's copper stockpiles. Price outlook remains bearish given uncertain growth in China and bloated supply of the metal.

Source : Equity Bulls

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