Carillion Asset Management Talks Zinc at the Singapore Derivatives Market Forum

Tokyo, Japan, March 11, 2010 --(PR.com)-- 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.

Carillion AM also maintains 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, Carillion AM believes 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 skeptical 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 Carillion AM Stephen Claremont, as well as other representatives of the firm from the Japan and Czech Republic offices also attended, underlying the importance with which the firm regards the Chinese market and its potential for growth and future expansion.

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