Jan

18

METALS-Shanghai copper to open steady on imports outlook..

January 18, 2010 | Leave a Comment

SHANGHAI, Jan 19 (Reuters) – Shanghai copper is expected to open steady on Tuesday after a recovery in London in the previous session, underpinned by optimism about Chinese imports and a wide arbitrage window. FUNDAMENTALS * Benchmark copper for three-month delivery MCU3 on the London Metal Exchange closed at $7,500 a tonne on Monday, up [...]

Jan

13

Copper wobbles as dollar rises..

January 13, 2010 | Leave a Comment

LONDON — Industrial metals slipped on Tuesday on the back of a stronger U.S. dollar, and selling pressure due to index rebalancing, while bearish results from major aluminum producer Alcoa dampened market sentiment. Tin was the only metal that bucked the trend, rising 2.5 per cent to hit its highest since September 2008, as the [...]

Jan

8

Copper hits 16-month high on upbeat data..

January 8, 2010 | Leave a Comment

NEW YORK/LONDON – Copper rose to 16-month highs on Wednesday, with New York prices hurdling above the $3.50 per lb level, after upbeat manufacturing and auto sales data this week added to indications of economic improvement and raised prospects for better industrial metals demand. Aluminium rallied on supply concerns as harsh cold weather hit parts [...]

Jan

6

Copper withers after China signals policy tightening..

January 6, 2010 | 1 Comment

* China’s central bank raises yield in bill auction * Higher yield may signal monetary tightening * Shanghai copper breaks 10-day run of gains By Rujun Shen and Jacqueline Wong SHANGHAI, Jan 7 (Reuters) – Shanghai copper was steady on Thursday, having fallen from an early 18-month high in volatile trading after China’s central bank [...]

Jan

6

Supply fears push up copper prices..

January 6, 2010 | Leave a Comment

Copper rose to new multi-month highs yesterday, as the bullish market sentiment was reinforced by upbeat new factory orders data in the US, and also aided by concerns over harsh cold weather in parts of China. Shanghai copper has now risen for 10 consecutive days, matching record runs of rises in December 2005 and April [...]

Jan

3

Is Copper The New Precious Metal..

January 3, 2010 | Leave a Comment

Copper soared this week in London and New York, striking a new 16-month high, and headed for the biggest annual gain (140%) in more than two decades, as traders fretted about possible strikes at Codelco’s giant Chuquicamata mine may disrupt supplies from key producer – Chile. (Fig. 1) Defying the Dollar The dollar remained strong [...]

Dec

9

Copper prices rebound….

December 9, 2009 | Leave a Comment

COPPER ended lower on Monday but rebounded from a near one-week low, with the London Metal Exchange (LME) highest pegged price at almost US$7,000 per tonne. According to Reuters news agency, this rebound is on account of the fact that the dollar slipped after the United States Federal Reserve chairperson Ben Bernanke’s comments doused speculation [...]

Dec

4

Copper prices may have hit bottom, but trends unclear

December 4, 2009 | 2 Comments

A panel of eight nonferrous metals analysts has revised downward to an average $1.53/lb the 2009 consensus price forecast for copper cathode, a 51% decline from the $3.15 average of 2008. The analysts aren’t agreed, however, on whether the copper price bottom already has occurred or not. Copper prices fell steep in the final months [...]

Dec

3

Copper May Rise on Stronger Manufacturing, According to Survey

December 3, 2009 | Leave a Comment

Copper may rise in London after stronger Chinese, U.S. and European manufacturing figures indicated recovering demand for industrial metals, according to a survey. Eleven of 19 analysts, investors and traders surveyed by Bloomberg, or 58 percent, said copper would gain next week. Eight predicted lower prices. The metal for three-month delivery was 3.4 percent higher [...]

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