AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

LONDON: Copper prices fell on Monday as signs of weakening demand outweighed the positive mood on wider markets after reports that US President Donald Trump may soon be released from hospital, where he is being treated for Covid-19.

Benchmark three-month copper on the London Metal Exchange (LME) was down 0.5% at $6,521 a tonne at 1600 GMT after tumbling to a seven-week low of $6,269 on Friday.

Copper reached $6,877.50 a tonne on Sept. 21, the highest since June 2018, after an impressive six-month rally.

Chinese markets are closed until Friday for a public holiday.

Chinese Yangshan copper import premiums have fallen to around $50 a tonne, the lowest since May 2019.

Chilean copper output fell 6.2% year-on-year in August to 481,700 tonnes.

Speculative investors remain bullish with a net long position equal to 6.1% of open LME contracts as of Thursday, brokers Marex Spectron said. Speculators also hold a large net long in copper contracts on the Comex exchange.

LME aluminium was 0.6% higher at $1,778.50 a tonne, zinc fell 0.1% to $2,325.50, nickel rose 1.4% to $14,620, lead lost 0.8% to $1,757.50 and tin was up 1.4% at $18,055.

Comments

Comments are closed.