Metals markets eye China reopening for stimulus rally cues - Tellbrief.com

Metals markets eye China reopening for stimulus rally cues

The flurry of measures since the end of September marks a recognition that more heft is required, prompting a spectacular stock market rally. Chinese industrial delegates to LME Week, a major metals conference in London, were optimistic that this could be the long-awaited turning point for the world’s largest importer of raw materials.

One of the things that China needs, more than an equity-market recovery, is to resolve property sector issues, she said. But with sales of only 8 million a year, lifting prices and reviving demand will be challenging, they said.

In oil, traders have been taking most of their cues from the combustible situation in the Middle East...

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