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Epic Commodity Update : Metals

Discussion in 'Signal Services & Software' started by Epicresearch, Mar 23, 2013.

  1. Epicresearch

    Epicresearch Active Member

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    Industrial metals imports were lower across the board with a particularly large decline in copper net imports (-53% y/y). This was partially offset by growth in concentrates imports. With local refinery output rising as a result, and with bonded copper stocks equivalent to more than four months of refined imports at current rates, we expect import demand for copper metal to remain a long way below 2012 levels for most of H1
     
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