Tuesday, October 20, 2009

China and Copper 2009-2010

The $586 million ( 4 trillion Yuan) by the Chinese government has boosted the economy significantly.

In an article by the Associate Press yesterday,
China's economy expanded more than 7 percent in the first nine months of the year and will certainly surpass the 2009 growth target of 8 percent, a top economic official said Monday.

"Achieving a growth rate of 8 percent for the year is basically no problem," Xiong, a deputy director of the National Development and Reform Commission, told reporters........
Statistics for September showed improving trade, housing sales, manufacturing and car sales. The data suggest that resilience in retail sales and industrial production are helping offset the blow from falling exports to China's economy.........
Separately, Yu Bin, a senior researcher with the Cabinet-affiliated Development Research Center told a conference over the weekend that growth was forecast to exceed 9 percent in the second half of the year, the financial magazine Caijing reported Monday.
"The internal and external environment for China's economic growth will be better next year," Yu said.
These bullish forecast shed glossy light on industrials and basic materials. Copper, used in pipes, power cable and other infrastructure, has been in high demand. The apparent consumption in China is very high compared to inventory. The apparent consumption of China in August was reported to be 578300 tonnes compared to 86625 tonnes of exchange inventory in warehouses at Shanghai, Guangdong and Wuxi of Shanghai Futures Exchange. The price of copper is standing near its 2009 high [Click the diagram to enlarge]

Here is a short list of companies listed in the US stock exchanges: PCU,ETQ,AZC,FCX,TGB,TCK,CHNR, VALE

You may also be interested in articles in similar categories:

Disclaimer: Stocks/financial instruments mentioned in this blog are not to be taken as investment advice/recommendation. Readers must consult their own financial advisors and/or consider their own risk/reward profile before making investment/trading decisions. The blog author is not liable for any investment/trading decisions of readers should readers decide to base the decisions on information provided by the blog.

Disclosure: The blog author does not own any of the above mentioned stocks in her personal account as of October 20,2009


Anonymous said...

Is 1 trillion equal to 1000 billions?

coke said...

Yes. 1 trillion is equal to 1000 billion in the US.

I heard it's different in the UK or Europe (forgot the details)

Anonymous said...

Then should 4 trillion yuan equal to $586 billion?

Anyway, it is a nice article and thanks for sharing...

coke said...

approximately. sounds right.
586 billion x 6.80=3985 billion (about 4 trillion)

Anonymous said...

Good day !.
You re, I guess , probably curious to know how one can collect a huge starting capital .
There is no initial capital needed You may commense to get income with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

It is based in Panama with offices around the world.
Do you want to become a happy investor?
That`s your chance That`s what you wish in the long run!

I feel good, I started to get income with the help of this company,
and I invite you to do the same. It`s all about how to choose a proper partner who uses your savings in a right way - that`s the AimTrust!.
I earn US$2,000 per day, and my first investment was 500 dollars only!
It`s easy to get involved , just click this link http://jilasixa.bigheadhosting.net/baqozugu.html
and go! Let`s take this option together to get rid of nastiness of the life

Anonymous said...

Good day, sun shines!
There have were times of hardship when I felt unhappy missing knowledge about opportunities of getting high yields on investments. I was a dump and downright pessimistic person.
I have never thought that there weren't any need in big initial investment.
Now, I'm happy and lucky , I begin take up real income.
It gets down to select a correct companion who uses your funds in a right way - that is incorporate it in real deals, and shares the profit with me.

You can ask, if there are such firms? I have to tell the truth, YES, there are. Please get to know about one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]