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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 growt…

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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. 

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