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Many traders remain sidelined in industrial base metals but activity should pick up whenever data shows improvement in the economy of key commodity consumer China, said Deutsche Bank in a commodity snippet.

24 Nov 2012

LONDON (Commodity Online): Many traders remain sidelined in industrial base metals but activity should pick up whenever data shows improvement in the economy of key commodity consumer China, said Deutsche Bank in a commodity snippet.

“The complex is starting to show some signs of life and there is the potential that current levels could represent a multi-quarter low,” said Germanay's biggest bank in a weekly report.

“Certainly trading volumes are poor as many traders sit on the sidelines; however, this could change quickly early in the new year as more compelling evidence of a Chinese upturn and fiscal stimulus package emerge,” Deutsche Bank added.


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