spp, page-21

Jxscul
You say that the fundamentals of the copper market don't justify a price below 1.30. I don't claim to know anything at all about that but what does worry me is the incredible leap in LME stockpiles in the last 6 to 8 weeks.

Surely these will have to show some signs of reduction before any sustained increase in the POC. Frankly I am surprised that it hasn'r fallen further, but like I said...I am a novice.

What's your, (or anyone elses), opinion on the stockpile levels and it's effect on POC