COPPER 0.00% $2.71 copper futures

re: chris what do u think of zinc or lead or nicke Hi Weareone...

  1. 9,301 Posts.
    lightbulb Created with Sketch. 1119
    re: chris what do u think of zinc or lead or nicke Hi Weareone and NZ Andy

    Good to hear your views. I actually share the same general opinion and am really looking to see where the demand kicks back in. I was under the impression the Chinese were probably still in the selling game they started earlier in the year which you are confirming. This game is not concluded yet though and there is still possibility for more downside action before it is. I do see 2.90 as key point with 2.40 outside. Hopefully not though as it is dampening the other metals and my real interest is in zinc.

    The other thing too is that supply has continued to be constrained by mining problems around the world. I am not expecting the sort of demand market we are seeing in zinc as more copper is due to come online next year. However I do expect that the Chinese will be back in more force.

    Roll on 2007!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.