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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (4014)	12/29/2004 7:53:26 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China to bolster resources By Jane Williams December 30, 2004 THE good times should keep rolling for Australia's booming resources sector next year as China's economic juggernaut ensures demand remains tight and prices high. With the global economy showing no signs of slowing, a more confident mining and energy sector has begun boosting production, and is expected to reap the rewards of the buoyant conditions. A rollout of new supply in late 2005 is expected to put a brake on the commodity price trajectory although continued weakness in the US currency will keep metal prices robust. Opinions differ as to how far and how fast the market will come off but all agree it will continue to be driven by the booming Chinese economy, which has shrugged off government attempts to slow growth and continued to devour all the iron ore, coal, copper and aluminium the world can throw at it. "The market's grappling over whether prices can go any higher than we've seen this year," Daiwa Securities resources analyst Mark Pervan said. "We've had a very strong year, a super cycle. But I think next year will be a different story. finance.news.com.au