To dopiero początek krachu
/ 159.205.226.* / 2014-06-10 09:21
Zagraniczne banki mocno spanikowane tym, co dzieje się z miedzią w Chinach i jak na tym teraz umoczą...
Chciwość zostanie ukarana, tak samo jak głupie spekulacje czymś, na co nie ma popytu.
The probe into metals inventories at Qingdao Port may spur global banks to further curb commodities financing deals in China and reduce foreign exchange inflows to the country, according to Goldman Sachs Group Inc.
The investigation will suppress copper prices and may push contracts in London to $6,200 a metric ton before the end of this year, analysts including Roger Yuan and Max Layton said in a report. Benchmark three-month futures on the London Metal Exchange have slumped 9.2 percent this year and traded near a five-week low at $6,683 at 1:57 p.m. Shanghai time.
Speculation that metals were pledged multiple times to banks as collateral for loans has prompted foreign lenders including Standard Chartered Plc to reviewing financing to some companies in China. Standard Bank Group said it’s looking into “potential irregularities” regarding metals at the port. The probe may affect metals inventory at Qingdao held by Citic Resources Holdings (1205), according to the commodities trader controlled by China’s largest state-owned company.
“The developments in Qingdao are likely to continue the significant scaling back of FX inflows from foreign banks into China via commodity financing business,” analysts at New York-based Goldman Sachs said in the report dated yesterday. “As foreign banks reduce their exposure to Chinese commodity financing deals, the profitability of these could be reduced meaningfully.”
Citigroup Inc. will work closely with the relevant authorities, warehousing companies and clients to resolve the matter to the extent its clients are affected, the bank said in e-mailed statement June 7.