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JJCTF - Copper: Weak Chinese Consumption Dynamics Unlikely To Persist
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
Investment case
Our bottom-up analysis of Chinese demand for refined copper shows that consumption disappointed markedly in the first five months of the year. However, we expect an improvement in the second half of the year, which in addition to increasingly tight supply dynamics, should translate into a marked rebound in the copper price.
We are therefore constructive on the iPath DJ-UBS Copper Total Return Sub-Index ETN (JJCTF), which replicates the performance of copper prices.
Source: Trading View, Orchid Research
About JJCTF
For investors seeking exposure to the fluctuations of copper prices, the