por admin » Mar Oct 11, 2011 6:37 am
El cobre baja debido a la preocupacion por la demanda de su mayor consumidor: China.
Las cifras esta semana mostraran que el crecimiento en China se esta desacelerando. Se espera que las exportaciones hayan bajado.
Copper Drops Most in a Week on Concern About Demand in Top Consumer China
By Maria Kolesnikova - Oct 11, 2011 8:03 AM ET .
Copper fell the most in a week in New York on concern about the outlook for demand in top global consumer China, where figures due this week may show slower growth in exports.
Chinese export growth weakened to 20.5 percent in September, according to economists’ estimates compiled by Bloomberg. The data are due Oct. 13. A report the next day may show consumer-price inflation was at 6.1 percent, compared with the government target of about 4 percent every month.
“Traders are probably a bit nervous over potentially weaker export data, decelerating construction figures and a stronger-than-expected CPI read,” said Angus Staines, an analyst at UBS AG in London.
Copper for December delivery fell 9.9 cents, or 2.9 percent, to $3.269 a pound by 7:49 a.m. on the Comex in New York. Prices dropped as much as 3 percent, the most since Oct. 4. Copper for three-month delivery slumped 3.3 percent to $7,245 a metric ton on the London Metal Exchange. All of the six main metals traded on the LME retreated.
Copper slid 26 percent in the third quarter, the most since 2008, on concern slowing economies and a worsening European sovereign-finance crisis would crimp demand. The LME Index of the six main metals had its largest three-day gain in two years as of yesterday after the leaders of France and Germany pledged a plan for the European crisis in three weeks.
Chinese Bank Loans
“The complex is focused more on the goings-on in China, and less with the zigs and zags of the European debt crisis,” Edward Meir, a senior commodity analyst at MF Global Holdings Ltd., wrote in a report today. “With respect to China, not only are there growing concerns about growth prospects, but renewed attention is being placed on the state of Chinese banks and the billions of dollars of nonperforming loans they are carrying.”
Aluminum for three-month delivery on the LME fell 1.4 percent to $2,227 a ton. Demand for the lightweight metal may climb 8 percent to 10 percent over the next three to five years on buying from Asia, led by China, Philip Martens, chief executive officer of Novelis Inc., said in an interview today.
Prices may be “moderate” in a range between $2,300 and $2,500 a ton over the next six months, he said.
Tin dropped 3.7 percent to $22,205 a ton. PT Timah, Indonesia’s largest producer of the metal, is set to resume exports after prices gained to $23,000, President Director Wachid Usman said. The country is the biggest global tin shipper.
Zinc, nickel and lead declined on the LME.