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Matthew Wonnacott

Luvata metals sales VP: Rising premiums not logical in the current market - 0 views

Metal Bulletin

trends copper warehousing

shared by Matthew Wonnacott on 11 Apr 13 - No Cached
  • Matthew Wonnacott on 11 Apr 13
     
    In an interview during the annual CESCO week, Luvata's VP of metals sales Ian Scarlett said that the current warehousing activities are causing distortions to the LME's function as a market of last resort. The VP said he would like to see premiums reflect current market conditions and that some market players could distort the system, adding that the "copper value chain is broken." Mr Scarlett said that it is "not logical" for premiums to be rising during this current period of an increasing market surplus.
Colin Bennett

Qingdao, China's real commodities credit crunch - 1 views

www.metalbulletin.com/...commodities-credit-crunch.html

trends copper stock warehousing China

shared by Colin Bennett on 03 Jun 14 - No Cached
  • Authorities in Qingdao have blocked the shipment of some material as they investigate the allegedly fraudulent use of warehouse receipts multiple times to raise finance.
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