Jun
14
Copper Up on China Demand View
June 14, 2011 | Leave a Comment
Copper futures snapped a four-session losing streak on strong economic data out of China, raising expectations that the world’s largest metals consumer will boost imports of copper. The contract for June delivery jumped 12.35 cents, or 3.1%, to $4.1540 a pound on the Comex division of the New York Mercantile Exchange, the highest settlement price [...]
Jul
9
Commodities Demand Driven by `Impressive’ Asian Growth, LME’s Abbott Says..
July 9, 2010 | 2 Comments
Growth in demand for commodities including metals in Asia is surging as nations ramp up infrastructure spending, according to the head of the London Metal Exchange, the biggest marketplace for industrial metals. “Everywhere we look in this region, we see growth,” Martin Abbott, chief executive officer of the LME, said in an interview on Bloomberg [...]
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
India June MCX copper futures down …
June 17, 2010 | Leave a Comment
India June MCX copper futures down 1.7% at one-week low of INR302.70/kg due to concerns that euro zone fiscal crisis may hamper demand, arbitrage between London, China markets leading to fall in LME; firm euro, equity markets pare losses. Investors watching out for U.S. May consumer price index data and June 12 jobless claims figures [...]
Jun
17
Shanghai copper gains soften on demand concern, US data.
June 17, 2010 | 1 Comment
SHANGHAI – Shanghai copper eased after rising more than 2 percent in early trade, as momentum was slowed by China demand concerns, mixed U.S. economic data and traders eyed a meeting of European leaders on euro zone debt woes. London copper fell more than 2 percent and zinc nearly 4 percent, after U.S. housing starts [...]
Jun
10
India June MCX copper futures little changed..
June 10, 2010 | Leave a Comment
India June MCX copper futures little changed at INR296.15/kg ahead of key interest rate decisions; European Central Bank decision due at 1100 GMT, Bank of England scheduled at 1145 GMT; open interest up 0.5%. Downtrend remains intact on charts, Data due today include U.S. April trade balance in dollars at 1230 GMT, June jobless claims [...]
Jun
2
SINGAPORE, June 3 – Shanghai and London copper futures rose 1 percent on Thursday, buoyed by a sharp rally in U.S. equity markets and positive auto and pending homes sales data. Surprisingly strong U.S. housing data for April drove optimism about the economy, boosting stocks and driving up oil prices. The stock rally — a [...]
Feb
24
METALS-Copper gains on Bernanke, econ worries weigh..
February 24, 2010 | Leave a Comment
SHANGHAI, Feb 25 – Copper ticked higher on Thursday underpinned by U.S. Federal Reserve Chairman Bernanke’s pledge a day earlier to keep interest rates low though traders say tandem remarks about an uncertain economic recovery weigh on the market. Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates [...]
Feb
24
Copper Futures Decline After U.S. Consumer Confidence Drops..
February 24, 2010 | Leave a Comment
Feb. 23 — Copper fell the most in almost three weeks after a report showed that confidence among U.S. consumers slid to the lowest level since April, a sign that the recovery in the world’s largest economy may be slow. The Conference Board’s gauge of consumer sentiment declined to 46 in February, the business-backed group [...]
Feb
24
METALS-Shanghai copper lower on econ recovery worries…
February 24, 2010 | Leave a Comment
* Investors eyeing Bernanke testimony on monetary policy * China Jan refined copper imports at 196,926 T (Adds China trade data, comment; Updates prices) By Rujun Shen and Edmund Klamann SHANGHAI, Feb 24 - Shanghai copper fell more than a percent on Wednesday, tracking a drop in the London market in the previous session as [...]