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Copper ticks lower on firm dollar, China worries

LONDON: Copper prices slipped on Tuesday on a stronger dollar and concern about the impact of power cuts in top...

Published 28 Sep, 2021 08:00pm

Markets

Copper falls on investor caution ahead of Fed symposium

Fundamentals are still pointing to lower prices ... supply can meet demand
On-warrant copper inventories in LME-registered warehouses fell to 169,800 tonnes from almost 240,000 tonnes a week ago

Updated 26 Aug, 2021 04:34pm

Markets

Copper rises for fourth day as inventories dwindle

"I cannot see a real reason to be bearish ... there is room to break the record"
Copper has also held above its 200-day moving average at $8,880, improving its technical picture

Published 25 Aug, 2021 05:15pm

Markets

Copper climbs as investors return to market after slump

The metal used in power and construction had more than doubled during a rally from March 2020 to May this year, when it hit a record peak of $10,747.50

Published 23 Aug, 2021 05:46pm

Markets

Copper steady as Escondida deal takes edge off supply fears

Benchmark copper on the LME edged up by 0.1% to $9,479 a tonne
LME aluminium rose 0.5% to $2,595 a tonne, zinc added 0.9% to $3,021, lead rose 0.8% to $2,325

Published 13 Aug, 2021 06:03pm

Markets

Copper gains as world's biggest mine prepares for strike

Benchmark copper was up 0.2% at $9,512 a tonne
Used in power and construction, copper has gained more than 20% this year and touched a record high of $10,747.50 in May

Published 06 Aug, 2021 08:16pm

Markets

Copper eases as dollar firms on US inflation jitters

Three-month copper on the London Metal Exchange eased 0.1% to $9,408 a tonne.
China, the world's biggest metals consumer, will take "comprehensive measures" to ease rising commodity prices, Premier Li Keqiang said.

Published 14 Jul, 2021 01:31pm

Markets

Copper falters on strong dollar and low Chinese demand

Benchmark copper on the London Metal Exchange (LME) was down 1% at $10,113.50 a tonne in official trading.
"Demand concerns have been raised onshore (in China), particularly in copper," broker Marex said in a note.

Published 02 Jun, 2021 06:16pm

Markets

Copper clings to gains as factory activity points to global economic recovery

Benchmark copper on the London Metal Exchange was barely changed at $10,240 per tonne .
Copper, mainly used in the power and construction industries, is seen as a sensitive gauge of the health of the global economy.

Published 01 Jun, 2021 06:28pm

Markets

Copper rises as strike fears and Chinese data reassure bulls

Benchmark copper on the London Metal Exchange (LME) was up 0.7% at $10,048.50 a tonne in official trading.
Prices of the metal used in power and construction surged to a record high of $10,747.50 this month before slipping to $9,795 on Monday.

Published 27 May, 2021 08:27pm

Markets

Copper up on dollar, strike possibility in Chile

Benchmark copper on the London Metal Exchange traded up 1% at $10,104 a tonne in official rings. However, prices of the metal used widely in power and construction are down 6% since hitting a record $10,747.50 a tonne earlier in May.

Published 20 May, 2021 08:32pm

Markets

Slumping dollar boosts base metals, zinc hits 3-year high

Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $10,496.50 a tonne in official trading and near last week's record high of $10,747.50.
LME zinc was up 2.4% at $3,085 a tonne after surging to $3,108.50, its highest since June 2018.

Published 18 May, 2021 08:31pm

Markets

Copper clings to gains near record high on demand hopes

Copper prices have doubled in the last year, fuelled by a rebound in demand from top consumer China and other economies after a COVID-19 induced slump.
Funds have raised their bullish bets on LME and Comex copper, according to estimates by broker Marex and the US Commodity Futures Trading Commission.

Published 12 May, 2021 06:21pm

Markets

Copper loses ground on fears of Chinese commodities price caps

Benchmark copper on the London Metal Exchange (LME) shed 0.4% to $8,893.50 a tonne in official trading.
Copper has gained about 30% over the past five months, having touched a 9-1/2 year peak of $9,617 in late February.

Published 12 Apr, 2021 05:50pm

Markets

Dollar, inventories weigh on copper prices

Benchmark copper was down 0.7% at $8,804 a tonne.
Stocks of copper in LME registered warehouses rose 10,500 tonnes to 142,550 tonnes, a rise of more than 90% since the start of March.

Published 30 Mar, 2021 05:43pm

Markets

Copper slides as ship blocking Suez refloated

Benchmark copper on the London Metal Exchange was down 0.9% to $8,883 a tonne.
"Copper prices lurched lower after we saw the news about the ship in the Suez Canal," a copper trader said. "There may still be a knock-on effect on costs and there is still a queue, but at least the canal isn't blocked any more."

Published 29 Mar, 2021 08:10pm

Markets

China's Jan-Feb copper, tin ore imports from Myanmar fall amid unrest

China Jan-Feb tin concentrate imports from Myanmar -26.5% y/y.
Feb copper cathode imports plunge 55% y/y after mine protests.
No mixed rare earth carbonate imports; oxide imports rise.

Published 20 Mar, 2021 09:55pm

Business & Finance

Boliden launches low-carbon copper products

The main spotlight on cutting emissions from industrial metals so far has been aluminium due to its very energy-intensive production, but copper's wide use makes it important as well, he added.
Copper, the third most consumed industrial metal after iron and aluminium, is used in electric cabling, construction and increasingly in electric vehicles and wind turbines.

Published 19 Mar, 2021 06:24pm

Markets

Copper firm on supply concern, but dollar weighs

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,077.5 a tonne in official rings.
Copper and other base metals have struggled to find clear direction in the last few weeks thanks to macro market jitters and the bond market tantrum which caused consternation in cross-asset markets.

Published 18 Mar, 2021 08:13pm

Markets

Copper rises on signs of higher demand but dollar caps gains

Three-month copper on the London Metal Exchange (LME) rose 0.7% to $9,024.50 per tonne in official trading, having touched a 9-1/2 year peak of $9,617 last month.
We are still in a long term constructive environment for copper. Generally commodities are in a bull market given some of structural changes in terms of demand for energy metals.

Published 17 Mar, 2021 08:28pm

Markets

Copper slips on profit taking ahead of Fed meeting

Benchmark copper on the London Metal Exchange dropped 2.1% to $8,956.50 a tonne in official trading.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Updated 16 Mar, 2021 10:03pm

Markets

Copper prices to hit record high in next 12 months, China's Maike says

LME copper touched highest in 9-1/2 years last month at $9,617/T.
He makes proposal on strategic metal reserve to China parliament.

Published 10 Mar, 2021 08:16pm

Markets

Copper's spectacular rally slows at 9 1/2-year highs

Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.

Published 23 Feb, 2021 05:49pm

Markets

Copper slips on profit-taking, but holds near 9-year peak

Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
"The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."

Published 17 Feb, 2021 06:40pm

Markets

Copper hovers near eight-year high as Chinese holiday starts

The start of the Chinese holiday kept trading activity low, with benchmark copper on the London Metal Exchange (LME) flat at $8,299 a tonne.
The more the price moves up in the very short term the bigger the fall will be in the second half of this year.

Published 11 Feb, 2021 05:20pm

Markets

Copper hits eight-year peak as bullish factors dominate

Benchmark copper on the London Metal Exchange (LME) traded 1.6% up at $8,274 a tonne in official rings.
The idea that US stimulus is going to lead to higher inflation has taken hold this week.

Published 10 Feb, 2021 08:27pm

Markets

Copper at one-month high on stimulus hopes, soft dollar

Three-month copper on the London Metal Exchange (LME) added 1% to trade at $8,118 per tonne.
Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs.

Published 09 Feb, 2021 05:25pm

Markets

Firmer dollar, equities sell-off push Shanghai copper to 1-month low

The most-traded March copper contract on the Shanghai Futures Exchange dropped as much as 2% to 57,620 yuan ($8,895.82) a tonne, a level unseen since Dec. 23, 2020.
Three-month copper on the London Metal Exchange edged 0.1% lower to $7,818 a tonne, and nickel fell 1.4% to $17,660 a tonne and tin shed 1% to $22,575 a tonne.

Published 28 Jan, 2021 07:43pm

Markets

Weakening dollar lifts copper as rally loses momentum

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,015.50 a tonne.
The metal used in power and construction has hovered around $8,000 since slipping from a high of $8,238 on Jan. 8.

Published 26 Jan, 2021 08:54pm

Markets

Copper slips as China's coronavirus outbreak raises demand fears

Benchmark copper on the London Metal Exchange (LME) was down 1.8% at $7,877.50 a tonne.
Stocks in LME-registered warehouses have plunged to 1,030 tonnes, near record lows, with almost 40% already earmarked for delivery.

Published 22 Jan, 2021 06:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

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