Aug
30
On deteriorating global economic outlook, the better than expected US consumer expenditure data came as a sparkle which coupled with much short covering in the market weighed on the copper much and led the metal to continue trading higher. Meanwhile, Nickel was trading lower due to less demand from the alloy makers in the market. [...]
Aug
9
BASE METALS – European Opening View – Base metals rebound off overnight lows
August 9, 2011 | Leave a Comment
The selling across the markets continued on Monday with the LME base metals falling by an average of 6.1 percent at the lows of the day. They closed down by an average of 5.1 percent. Tin, lead and zinc all saw losses of over 6 percent, while copper fell 3.8 percent to $8,766 and aluminium [...]
Aug
9
AHMEDABAD (Commodity Online): MCX Copper yesterday closed at Rs. 399.95, after making a high of Rs. 442.75 (on 19th July 2011), the sudden drop in the prices of Copper was due to global uncertainties followed by U.S. debt ceiling issue and slow down in the pace of European economies. In coming sessions, traders will have [...]
Jul
22
Shanghai copper seen up after LME hits 2-mth top..
July 22, 2010 | 1 Comment
SINGAPORE July 23 – Shanghai copper is poised to open firmer on Friday, chasing London which touched two-month peaks and is headed for its best weekly gain since February on fund buying and technical factors. Copper and the rest of the base metals complex could extend the rally if bank stress test results in the [...]
Jul
6
Base metals traded on the London Metal Exchange..
July 6, 2010 | Leave a Comment
Base metals traded on the London Metal Exchange rose in Asian trade Tuesday after initial falls at the opening of the LME Select trading platform.Traders and strategists said that after arbitrage trade between the London and Shanghai Futures Exchange, signs of firmer physical demand from China helped sustain the market. A Shanghai-based trader said he [...]
Jul
5
NEW YORK/LONDON, July 2 – Copper bounced on Friday, as the dollar fell against a basket of major currencies and investors digested key employment data in the United States. Copper for September delivery HGU0 on the COMEX metals division of the New York Mercantile Exchange ended up 3.90 cents, or nearly 1.4 percent, at $2.9160 [...]
Jun
18
SHANGHAI June 18 – Shanghai copper fell in early trade on Friday, after London copper prices touched a one-week low in the previous session, as sentiment soured after disappointing U.S. data. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 rose $4 to $6,450 by 0132 GMT on Friday, hovering above a one-week low [...]
Jun
17
Base metals were lower on the London Metal Exchange..
June 17, 2010 | Leave a Comment
Base metals were lower on the London Metal Exchange in Asia Thursday as the return of China-based traders after a three-session holiday saw some heavy early selling. At the Shanghai open, the Shanghai Futures Exchange contract was at a $180 discount to the LME equivalent, meaning China-based traders were incentivized to sell LME positions and [...]
Jun
10
Copper gains on euro, China demand prospects..
June 10, 2010 | 1 Comment
LONDON – Copper rose to its highest in nearly a week on Thursday supported by a stronger euro and expectations Chinese demand would forge on despite mixed imports data from the world’s top base metals consumer. China’s copper imports at around 397 000 tons were slightly below forecasts, but analysts had expected a drop from [...]
Jun
9
Base metals were mixed in thin Asian trade Wednesday, as the market continued to trade in narrow ranges after the previous week’s sharp lurch downward. Volumes were small and traders were unwilling to move outside their comfort zones.The base metals’ ability to hold their current levels suggested that earlier fears of a further plunge in [...]