AB: Copper, platinum petroleum may take a lead bulk product market
Feb. 5 MetalBiz--What kind of products in hell will make the most excellent progress in 2010, it is difficult to conclude the consensus on this point, because the global economy prospect still posts the some uncertainties. It is expected that the products which probably benefits from the picking-up the industry, because the manufacture and construction industries return to normal after experiencing the crisis and recession.
Depending on the revival of the developed market economy
Take copper for example, its use in power and construction aspects, makes it be widely used in the infrastructure. But the copper price is unsteady, because the revival strength and continuity of the global economy except for China is full of questions.
The growth situation of the developed market is one important factor most affects the following trend of product market, Tapestry's copartner, SaleemSiddiqi said.
NewCity's cooperation director, John Wong said that if they must choose one kind of product to invest, they should choose from copper, platinum and petroleum, as their supply is tight.
The industrial demand and investment requirement from Platinum is strong. Recently, ETF Securities's first American EIF will be put forwarded.
The price of petroleum is around U.S.$75 per barrel, increasing by above 60% than January 2009, whose profit is considerable.
The price trend of copper is more active, because all the governments worldwide are make a payout for realizing modernization of transportation, health care, education, and system. But other basic metal such nickel. Lead and tin possibly bring about more profit. Additionally, some person expected that the agriculture products will become an important rewarding source.