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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (352)	6/27/2001 9:56:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 1643

China seen issuing 7 overseas futures trading licenses soon Hong Kong, June 27 (BridgeNews) - The China Securities Regulatory Commission (CSRC), the country's securities and futures watchdog, is expected to issue the first license for overseas futures trading to seven large-scale state-owned Chinese commodity companies very soon following the release of new regulations for such trading on May 24, industry sources in Beijing said Wednesday. ( Story .10899 ) Japan's copper demand remains weak; producers try exports Tokyo, June 27 (BridgeNews) - The continuing domestic economic slowdown has dampened Japan's demand for copper in the past few weeks, forcing the country's copper smelters to try to export to China in a bid to keep normal production, trading and producer sources said Wednesday. The smelters expect China's copper demand to rise in July-September in line with its healthy economic growth. ( Story .12231 ) China's Huludao zinc output remains normal despite low LME prices Hong Kong, June 26 (BridgeNews) - China's largest zinc producer Huludao Zinc Smelter maintains its operations of zinc metal at near full capacity of 330,000 tonnes per annum despite of falling export prices of the metal, a company official told BridgeNews Tuesday. Huludao has no "immediate" plan to cut its zinc production or shut down one of its two zinc plants for maintenance, he said. ( Story .12426 ) China's Baiyin postpones zinc plant shutdown on tight funds Hong Kong, June 26 (BridgeNews) - China's major zinc producer Baiyin Nonferrous Metals Corp. has postponed its planned shutdown of its 100,000 tonne-per-year zinc plant due to tight cash flows, a senior company official told BridgeNews Tuesday. The company previously planned to shut down the plant on June 25 or June 26 for one month for maintenance due to low zinc prices in the domestic and overseas markets. ( Story .12393 ) Japan's aluminum demand remains weak, premiums fall Tokyo, June 26 (BridgeNews) - Japan's demand for spot aluminum has remained weak in the past few weeks in line with the domestic economic slowdown, trading sources said Tuesday. Cost, insurance and freight (cif) Japan premiums for spot good-Western aluminum have fallen to about U.S. $45 per tonne over the London Metal Exchange cash aluminum price compared with $50-55 in late April, according to the sources. ( Story .11879 )