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23% Chinese Copper Wire&Cable Producers Bullish toward Copper Prices

iconJan 4, 2016 14:45
Source:SMM
An SMM survey of 22 Chinese copper wire&cable producers reveals 23% are bullish toward copper prices, thanks to improved market sentiment.

SHANGHAI, Jan. 4 (SMM) - An SMM survey of 22 Chinese copper wire&cable producers reveals 23% are bullish toward copper prices, thanks to improved market sentiment.

About 18% are bearish, arguing growing SHFE zinc inventories and soft demand should weigh down copper prices.

There are 18% seeing copper prices remain range-bound. The remaining are uncertain of copper prices trends. 

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