China’s GDP Release to Trigger Further Copper Price Falls? SMM Interviews-Shanghai Metals Market

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China’s GDP Release to Trigger Further Copper Price Falls? SMM Interviews

Industry News 05:24:11PM Jan 16, 2015 Source:SMM

SHANGHAI, Jan. 16 (SMM) – Market focus has shifted to the China Q4 GDP figure due for release next week, which is expected to slow significantly.

Bloomberg predicts that China’s growth will slow to 7.2% in the final quarter of 2014. Will copper prices present a renewed decline on poor data from China?

“Copper prices are likely to slide should the GDP data turn out poor, but the impact will be limited as the result is somewhat within market expectation,” an analyst from Shanghai CIFCO told SMM.

Analyst from Jinrui Futures also reckons that copper market may not be significant affected even if the economic indicator proves weak, as market prediction is for the economy to slow. “The bad data might have been priced in,” the analyst explains.


The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

China’s GDP Release to Trigger Further Copper Price Falls? SMM Interviews

Industry News 05:24:11PM Jan 16, 2015 Source:SMM

SHANGHAI, Jan. 16 (SMM) – Market focus has shifted to the China Q4 GDP figure due for release next week, which is expected to slow significantly.

Bloomberg predicts that China’s growth will slow to 7.2% in the final quarter of 2014. Will copper prices present a renewed decline on poor data from China?

“Copper prices are likely to slide should the GDP data turn out poor, but the impact will be limited as the result is somewhat within market expectation,” an analyst from Shanghai CIFCO told SMM.

Analyst from Jinrui Futures also reckons that copper market may not be significant affected even if the economic indicator proves weak, as market prediction is for the economy to slow. “The bad data might have been priced in,” the analyst explains.


The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.