DAILY COMMODITY REPORT BY EPIC RESEARCH-12 NOVEMBER 2012
DAILY COMMODITY REPORT 12TH NOVEMBER 2012WWW.EPICRESEARCH.CO +91 9752199966
HEADLINES Sluggish conditions to soften base metals demand. CRA expects the near term demand outlook for non ferrous metals to remain soft, due to the prevailing sluggish macro-economic conditions globally. Mr. Jayanta Roy, Senior Vice-President and Co-Head, TRADING TIP: Corporate Sector Ratings, ICRA stated “With China being the leader in the production and consumption ofBuy Silver Dec aluminium, copper and zinc, the moderation in Chinese industrial output over the last few quarters as well asAbove 61000 the subdued outlook for the mature economies haveTGTS-61200/61450 impacted the demand and prices of these metals.SL-60800 Price risk shifting to upside in Copper. The price risk in copper is shifting to the upside. A bearish macroeconomic environment has wiped out coppers gains from Federal Reserve quantitative easing in September. However, economic data is improving in the key consuming nation of China, and Societe Generale anticipates Chinese manufacturers areSell Zinc Nov moving from late-cycle destocking to early-cycle restocking. If so, "base metals should benefit soonerBelow 102.40 rather than later.TGTS- 101.80/101.20SL-103WWW.EPICRESEARCH.CO +91 9752199966
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