copper buyers returning for q4 Copper buyers come out of escrow...

copper buyers returning for q4 Copper buyers come out of escrow at about this time and start to ramp up the buying leading into Christmas...

BHP normally runs later than most but will have a good run from Nov to Jan...

http://metalsplace.com/metalsnews/?a=7649



12 October 2006
China's refined copper consumption set to pick up in Q4: sources

Source: Platts


See also
Copper Board

Copper Catalog

China's copper consumption for refined copper is anticipated to pick up soon due to an expected rise in domestic consumption in the fourth quarter, industry sources said Wednesday.

One local trader said: "Copper trade is very quiet due to the LME week held in London this week, putting more traders on the sidelines. Prices are relatively steady at the moment and trade has been thin after the National Day holidays in China in early October." He added that spot copper prices were still supported at above Yuan 67,000 ($8,463)/mt with futures prices receiving strong support at around Yuan 65,000/mt.

"Copper imports are slowly picking up these days as LME prices have recently come down a little and Chinese consumers manage to get some profits via imports. Imports are expected to rebound more in the fourth quarter," the trader said.

A source close to the Chinese producers added: "Copper imports are slightly picking up but market players are still closely watching the LME price moves for direction."