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Sing more investment banks Kanzou Yan basic metals staged a collective sharp setback of City News _ _ _ Sina Sina Financial

Posted on May-31-2008· by

Luntong has fallen below 8,000 U.S. dollars integral juncture

⊙ this reporter Huang Rong

The fifth "Shanghai Derivatives Market Forum" held yesterday to continue, for many firms Forum, said "based on the commodity market bull market still exist," but yesterday evening the International basic metals market has staged a mass market diving.

In the international financial institutions optimistic about commodities market, the overnight international commodity markets, international capital has failed to find the short term will continue to do more. 期货也跌破了900美元;而基本金属市场的跌势则更为凶猛:今年的明星金属品种——伦期锡的跌幅最大,已下跌了1000多美元/吨,跌幅接近5%;重要金属品种伦则已跌破8000美元的重要关口,跌幅超过2%,创出了2个月以来的新低;伦和伦期铅跌幅也已双双超过4%。 To reporters at the time, U.S. crude futures have fallen below 130 U.S. dollars, the U.S. futures also fell below 900 U.S. dollars, while basic metals market decline was even more ferocious: This year's star metal varieties – Lun Tin the largest decrease, Has dropped by more than 1,000 U.S. dollars / ton, or nearly 5 percent; important species-lun metal fell below 8,000 U.S. dollars have been an important gateway, or more than 2 percent, hitting a two month low; Fallon and Fallon period Lead has also been decreases in both more than 4 percent.

"Commodity market in the long-term investment potential." Su Kedun global industrial commodity futures director Jeremy Goldwyn high at the Forum has made such a judgement. He said that over the past few mutual funds only part of the money (for example, 3 percent to 5 percent), into commodity markets, because from the traditional sense, the bond and stock movements of goods are not related, only for a diversified investment Options only. But now with the investment market of goods between the increasingly close relationship. "This is because in the past year, inflation has become a hot topic in the world. Pension funds and mutual funds must be able to resist the impact of inflation, it would be tantamount to the devaluation. Ago that gold is the best commodities to resist the concept of inflation Also change, because this round of global inflation is from crude oil and food prices to promote. "

According to Jeremy Goldwyn high statistics, the global financial assets has been close to 200 trillion U.S. dollars, most of which are invested in equities, bonds, commodities is still an alternative product of a very small part of that is probably 4 1000 100 million U.S. dollars. All non-governmental, private investment accounted for about 40 percent of the 200 trillion, mainly from pension funds, mutual funds and insurance companies formed, but growth is very rapid. "The Fund's risk preferences are changing, increasingly concerned about commodities, it would further fuel inflation to the present, I think I am afraid that inflation will not disappear, but also to the attention of goods will not disappear." He said: "Finally, I want to say Is that I do not think this is a commodity bubble. The commodity bull market in 2000 and the period of prosperity is not the same, but most of the investment funds into commodities, they believe that the fundamentals of goods to the good, goods The market has a long-term strength. "Sempra Metals chief economist Yuehankanpu funds from the point of view of the commodity market. "It can be said that the two fundamentals and speculative factors in a jointly decided to price, short term, (commodity prices) is the decision by the speculation, very little supply and demand by the effect of price changes, long-term fundamentals are more important factors . "He also commodity copper as an example, he considered that the recent futures positions on the futures prices to a certain extent affected. "The copper market showed a group phenomenon, or that the phenomenon of blind obedience."

Another sing more – Victoria Petroleum Research director斯蒂夫泰瑞in this forum, while "the demand for oil seems to be endless," high oil prices to support their views. He believes that because everyone wants to buy a car, driving, the increased demand in China has great potential. "Although oil prices so high, but not to stimulate demand, the supply has no impact, I come to the conclusion that: oil prices will remain high."

chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.

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