Furthermore, with the market in deficit for the past three consecutive years, industry stocks are below critically low levels and the stocks-consumption ratio is forecast to remain below four weeks over the next three years and should continue to underpin strong copper prices.
More Quotes from Robin Bhar:
An unprecedented amount of new fund money has been attracted to the LME by virtue of index buying (commodity indices) and structured products.Robin Bhar
Everything I've seen this week points to a tightening market. Stocks are falling and canceled warrants are rising, indicating good demand.
Robin Bhar
Correction What correction With the shorter-term players locking in profits and systematic CTA (Commodity Trade Adviser fund) selling met by trade and hedge fund buying, base metals have stabilized after a volatile 24 to 48 hours.
Robin Bhar
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