The LME Copper Warehouse Stocks Level has started a trend change and is actually rising (Chart 1). This build in inventories is probably indicating a slowing down the economy. A part of this build is due to Chinese markets staying shut for a public holiday on Wednesday 4 April 2012: Qing Ming Festival (清明节). Shanghai reopened on Thursday.
To see my analysis on this trend change go to Copper Demand and the Importance of China.
To see my analysis on this trend change go to Copper Demand and the Importance of China.
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