Chinese A-share market saw a rally with Shanghai Composite up 2.1% as small-cap stocks surged following regulator's denial of targeting them. Bank of China and Agricultural Bank of China hit new highs. New regulatory guidelines triggered a plunge in Chinese small-cap stocks. Copper prices are on the rise with Goldman Sachs predicting a significant refined copper deficit for 2024. Shanghai Composite Index hits highest level since October 2023, led by large-cap stocks. Shanghai bonded copper reaches strongest level since October 2021. Copper prices are surging with Shanghai futures rallying amid supply risks and improving demand. Shanghai tin and nickel also see strong gains.
⚡Shanghai #Tin extends rally to over 5%, to the strongest level since May 2022. #Nickel +2.5% and #copper +2.3%. #China https://t.co/0FNwuvm4Xs https://t.co/SYGBa9geXy
#China's #copper futures in Shanghai stage a strong rally amid supply risks and improving demand. Citi expects copper price to hit $10500 per tonne over next 3 months. https://t.co/haGgRmRP6L https://t.co/yMei9YGgYW
Copper is really moving today. @AbitibiMetals +2% The glue of entire economy.
Dr. Copper appears to be morphing into Dr. Green Revolution & Onshoring. The metal price looks to be gearing up to follow gold for a major breakout. To emphasize what I said before: I've never seen a secular bull market in gold that didn't cause other metals to follow. https://t.co/pLWoK9mVl5
"Our metals strategists expect strong performance of industrial metals to continue due to a cyclical recovery in global manufacturing and demand associated with decarbonization and energy independence trends." - GS Kostin https://t.co/bOmnTCh7pp
Copper new 52week highs and starting to accelerate. No brainer hold. https://t.co/fHCbkfMsbS https://t.co/8TYlYx1oUq
COPPER +2.2%
#Copper and miners https://t.co/9fB9n4vIsW https://t.co/7cVF8qZqXr
⚡The most-active Shanghai bonded #copper jumps to above 70,000 yuan per ton, the strongest level since October 2021. #China #commodity https://t.co/A8TKqZJgaT https://t.co/jYE8bs6MZp
⚡The Shanghai Composite Index is back to the 3,100 handle, the highest since October 2023. Large-cap stocks are leading the rise. https://t.co/NxZ5Z5LmnP
(This is extremely bullish for copper in the long-run just FYI) https://t.co/Ows6mQ5o2H
Silver has outperformed gold in 2024 and is on track for a 4th straight yearly supply deficit https://t.co/AcIbbvsL2m
Base Metals Bounce Alongside Equities as Risk Appetite Recovers Goldman Sachs and CRU add to bullish forecasts on copper Aluminum and tin traders monitor LME inventories closely https://t.co/DmWQ9DD6NH
GOLDMAN SEES A VERY SIGNIFICANT REFINED #COPPER DEFICIT FOR 2024.
#Copper rally extends to near two-year high ... #Saxo https://t.co/lhPvk3uXSP
A prolonged market slump hitting trading commissions as authorities tighten limits around what research analysts are allowed to publish has led to a stark turnaround for China's star brokerage analysts. https://t.co/qEWondf9jE
Dr Copper https://t.co/2vS66it4yw
A plunge in Chinese small-cap stocks was triggered by new regulatory guidelines that tightened oversight of listed companies and dampened investor enthusiasm for the shares, industry insiders said. https://t.co/o7X4rWMBI9
Chinese A-share rallied on Wed, Shanghai Composite up 2.1%. Small-cap stocks surged after regulator refuted rumors that revised delisting rules target small-cap stocks. Bank of China, Agricultural Bank of China hit new highs. https://t.co/haGgRmRP6L https://t.co/gr2bJzSRFF