Copper Will Not Get Support from Housing Market, SMM Reports

Published: Jun 16, 2017 19:15

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China’s housing market is cooling down following a series of restrictive policy, and such condition is expected to be continuing during the rest of the year.

SHANGHAI, Jun. 16 (SMM) – China’s housing market is cooling down following a series of restrictive policy, and such condition is expected to be continuing during the rest of the year.

SMM Copper Demand Surprise Index: China Copper Demand to Change Little YoY in June 2017

The cooling-down of housing market, one of major copper consumers, will be gradually felt by copper market.

Copper Conc. Imports at Port of Fangchenggang Rise by One-Fold in Value in Jan.-May on Three Factors

The housing market after a strong performance in 2016 will head into a steady drop, and the copper market will also lose a big price supporter.

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