Asia Broadband Inc (AABB)

[ChanceVision]

China Credit Growth Picks Up, a Good Indicator for Metals Demand

Market Talk
Today 1:09 PM ET (Dow Jones)

Chinese credit growth, a good leading indicator for metals demand, accelerated in December after a small increase in November, according to Christopher LaFemina, an analyst at Jefferies. Slower consumer and producer price increases in China, along with faster credit growth, are positive for the mining sector, LaFemina says. Increased lending generally takes six to nine months to affect metals demand, so normally faster credit growth might not boost ore sales until 2H, according to the analyst. But with inventories very low and buyers likely to restock in the near term because of seasonal factors, commodities prices should stay strong in the near term, he says. ([e-mail])

(END) Dow Jones Newswires

January 12, 2022 13:09 ET (18:09 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.


$AABB
$AABBG