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Societe Generale: Heavily short Copper

Quotes from Societe Generale

  • Chinese growth is known as an important driver for prices of base metals such as copper.

  • The heavy short positions (chart on page 10) convey the unease about the deceleration of Chinese growth. 

  • The PBoC seems to share that view, hence its latest rate cut and more stimulus is to be expected. 

  • Market Data
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