GO
| HSI1 | 26,160.15 | +192.17 | 226.61B |
| HSCEI1 | 9,363.94 | +63.20 | 86.65B |
| Back Zoom + Zoom - Block Traded | |
|
2025-10-23 10:34:48 Global manufacturing sentiment remained mixed, while cyclical demand growth continued to face pressure, Citi Research issued a research report saying. The broker's tracking data shows that copper consumption growth in August 2025 remained weak, rising only 1.3% YoY, falling short of the strong performance driven by the solar industry in China during 1H25. Considering the higher base, Citi Research expected consumption growth for the remainder of the year to remain moderate, but still held a positive outlook for copper prices to rise to US$12,000 per ton in 2Q26, due to expectations of stronger cyclical demand next year, coupled with mine supply constraints, debasement risks and arbitrage activities in the US, all supporting copper prices. The broker was optimistic about copper prices over the next 6-12 months. In the short term, Citi Research predicted that US-China trade tensions and equity market correction risks will pose short-term pressures, but decline in copper prices will attract investors to buy on dips. Therefore, the broker maintained a target price of US$11,000 per ton for copper over the next 3 months. ~ AASTOCKS Financial News Website: www.aastocks.com | |