Press release
Jarvis & MacKenzie talks Zinc at the Singapore Derivatives Market Forum
Addressing this year’s Singapore Derivatives Market Forum on behalf of Jarvis & MacKenzie, Andrew Patterson will be provides the firm’s outlook on Zinc.Speaking at the Conference, he said that the firm remains bullish on its outlook for base metals, including zinc, over a two year horizon from both a fundamental and inflationary perspective.
Jarvis & MacKenzie also maintain that over the medium term, China has surprised markets by its supply response this year, which has witnessed the reversing of both mine and smelter production cuts. According to the firm, this may well result in a potential delay to the upside, thereby short-circuiting the current strength. As a result significant stockpiles are now building in China.
Turning to the here and now, Jarvis & MacKenzie believe that prices may drift lower, reflecting a surge in Chinese supply and awaiting 'real' demand growth. However, the firm maintains the only real positive environment for metals is China and is sceptical as to the 'green shoots' argument in relation to Western market economies. They also retain that there remains a real possibility for markets to take a step towards the downside in 2010.
Chief Executive of Jarvis & MacKenzie Garreth Whiting, as well as other representatives of the firm from the Singapore and New York offices also attended, underlying the importance with which the firm regards the Chinese market and its potential for growth and future expansion.
Jarvis & MacKenzie (JM) is a full service commodity futures and options brokerage firm based in Singapore with offices worldwide. With our knowledge, specialized service and competitive rates, we service everyone from the first time commodities trader to the professional. At the heart of our business model is a singular focus, which is to provide our clients with highly personalized and efficient service.
MacKenzie50 Raffles Place #07-04C
Singapore Land Tower
Singapore 048623
Tel: + 65 6311 5074
Fax: + 65 6347 6174
Email: info@jarvisandmackenzie.com
Web: www. jarvisandmackenzie.com
Randolph Ingram, Director of Marketing & Corporate Strategy, Jarvis & MacKenzie
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