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Strategies & Market Trends : Natural Resource Stocks
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To: isopatch who wrote (10402)4/23/2004 9:26:59 AM
From: TobagoJack  Read Replies (3) of 108550
 
Just observations from Asia:
On Natural Resources, a general headsup, in China, the small but never-the-less indicative commodity futures all tanking over the past few days, and may indicate that the govt breaking of economy is starting to work.

There seem to be the start of "let's sell for cash" amongst the domestic Chinese power plant owners even as international players appearing to be eager to invest. Not a good sign in my experience.

Third item, lots of ships clogging harbours from Goa (India) to Dalian (China), and incurring charges (USD 20k per day waiting), and lots of buyers and/or sellers and/or middlemen getting stuffed. The economic effect should be noticeable soon.

Whatever is happening, it is all fairly unusual. FWIW.
J
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