Wang Zheng
Wang Zheng
extent fairly followed further hike investment lies rate time whether
The extent of the rate hike this time is fairly small. What is more important is whether or not more lies ahead. And even if there are further rate hikes, it is investment that will first be impacted, followed by consumption.
buyers cable help including losses major normal power price purchases reduce spot swings
In China, purchases from major consumers, including power cable makers, are still normal at this price level. Buyers are doing futures to hedge price swings and help reduce losses made on the spot market.
highs hit investors prices record room
Prices can hit record highs at any time, but investors want to see room to take profits.
buying catch demand funds gains london past rise sharp
Funds are buying and China's demand is still healthy. The sharp rise was to catch up with gains in London in the past week.
hike impact investors lower market mostly prices push rate reason
For now the rate hike will have mostly a psychological impact on the market. Investors will probably use this as a reason to push prices down before re-entering the market at lower levels.
chain china demand funds london metals might oil reaction selling traders worried yesterday
The sell-off in oil damped demand for some metals yesterday in London and New York. Traders in China are worried there might be a chain reaction of funds selling metals to take profits.
affected april expect higher hit january march month people pick prices spot
When spot prices hit 49,000 that affected consumption at first. But that was a month ago ... now people expect prices to pick up. Traditionally in March and April consumption is higher than in January and February.