Sharekhan Commodities Buzz dated March 13, 2007

[Sunil]

 

Commodities Buzz [March 13, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents   COMMODITIES BUZZ Copper: Surges on Chinese imports The LME three-month forward contract posted strong gains as China's imports in February 2007 rose by 70% year on year. In February 2007 the nation imported 239,772 metric tonne of unwrought copper and copper products, which is 4.67% higher than the imports done in January. Data complied by Bloomberg shows that imports in February last year were 141,076 tonne. February marked the third consecutive month of year-on-year increase. The recent drop in LME prices is making imports attractive, as the domestic price/foreign (LME) price ratio turns favourable.

Regards, The Sharekhan Research Team myac...@sharekhan.com

--
http://DEADPRESIDENT.BLOGSPOT.COM