than the 7.9 percent in the previous three months and below the 8.0 forecast. "Traders are reading the Chinese PMI data in line with last week`s GDP (gross domestic product) figures, giving oil some pressure on the downside," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP
11.17 AM Apr 23rd
intends to increase investment in the power sector. So a downside to copper consumption could be offset by a rebound in power sector demand, the single most important end-use sector for copper accounting for 45-50% of Chinese demand, a Barclays report sent to Commodity Online said.Resource analyst David
5.55 PM Sep 17th 2012
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