AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

London copper prices eased on Tuesday, as a firmer US dollar made greenback-priced metals more expensive for buyers holding other currencies.

Three-month copper on the London Metal Exchange edged down 0.2% to $7,565.50 a tonne by 0231 GMT and aluminium fell 0.4% to $2,252 a tonne.

The dollar gained as strong US labour data and expectation of data due on Thursday showing stubbornly high inflation have cemented hopes that interest rates would remain high though 2023.

LME zinc declined 0.1% to $2,960.50 a tonne and lead eased 0.3% to $1,983.50 a tonne, while tin rose 0.8% to $20,250 a tonne.

Copper up, but demand prospects weigh on sentiment

The most-traded November copper contract on the Shanghai Futures Exchange rose 2.1% to 62,610 yuan ($8,703.69) a tonne, nickel jumped 3.8% to 184,840 yuan a tonne and tin advanced 2.2% to 178,470 yuan a tonne.

The Yangshan copper premium hit its highest in almost a year at $117.50 a tonne on tight supply, as inventories build-up in ShFE warehouses during the one-week-long Chinese National Day holiday was smaller than last year.

ShFE zinc increased 2.3% to 24,725 yuan a tonne, lead was up 0.2% at 15,265 yuan a tonne and aluminium rose 0.2% to 18,560 yuan a tonne.

Comments

Comments are closed.

Atif Oct 11, 2022 11:21am
Reducing rate of surplus units to Rs 9/kwh would simply be disadvantageous. At the very least they can keep the rate of average electric price for units required to offset peak units and then have a different/lesser rate for surplus units. At Rs 9/kwh, it would take almost 4 offpeak units to offset just one peak unit. That makes no economic sense to net metering consumers.
thumb_up Recommended (0)