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Copper Traders See End to Record Rally as China Demand Slows: Commodities

October 28 2011, 11:32

FMX|Connect- WWW.FMXConnect.com (Reported on 10/28/2011)

Copper Traders See End to Record Rally as China Demand Slows: Commodities

Source: Bloomberg

Copper traders and analysts are forecasting an end to the biggest weekly rally in more than two years on concern demand will slow in China while Europe’s lingering financial crisis limits growth.

Eleven of 23 people surveyed by Bloomberg say copper will drop next week, eight predicted a gain, and four said prices will be little changed. The last time respondents were mostly bearish, on Sept. 23, the metal slumped 4.6 percent in the following week. Traders also predicted lower sugar prices next week, and gains in gold, corn and soybeans. To read the full article, Click Here.

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