Trends - Industrial metals - Business Recorder

Industrial metals

Copper drifts lower

LONDON: Copper prices fell to four-month lows on Tuesday as expectations of further rises in exchange inventories ...

Published 04 Oct, 2023 06:20am

Markets

China stimulus ramps up optimism in industrial metals: Russell

LAUNCESTON: The China economic stimulus machine is already firing up the prices of key commodities such as iron ore,...

Published 08 Jun, 2022 06:19am

Markets

Industrial metals fall as global growth concerns weigh

Industrial metals fell on Wednesday on concerns about the global economy’s health and a firm U.S. dollar, with...

Published 25 May, 2022 04:29pm

Markets

Industrial metals slip on China Covid surge

LONDON: Industrial metals faltered on Tuesday as rising cases of the Omicron variant of COVID-19 dampened the...

Published 16 Mar, 2022 05:40am

Markets

Industrial metals slip on China COVID surge

LONDON: Industrial metals faltered on Tuesday as rising cases of the Omicron variant of COVID 19 dampened the...

Published 15 Mar, 2022 06:24pm

Markets

Easing supply concerns, demand doubts weigh on base metals

LONDON: Prices of industrial metals fell on Monday as diplomatic efforts to resolve the Russia-Ukraine conflict...

Updated 15 Mar, 2022 06:40am

Markets

China 2021 iron ore imports retreat from record on steel curbs

BEIJING: China’s iron ore imports dropped in 2021, down 4.3% from the previous year’s record annual high, as...

Published 15 Jan, 2022 05:50am

Markets

Supply fears boost aluminium and zinc prices

LONDON: Aluminium and zinc prices climbed on Tuesday, with buying spurred on by concerns over supply disruptions...

Published 05 Jan, 2022 05:36am

Markets

Industrial metals price surge set to stall after stellar 2021

LONDON: Industrial metals ended 2021 posting their biggest annual price gains since 2009 driven by tight supply and...

Published 01 Jan, 2022 04:07am

Markets

A year of walking on wild side for industrial metals

LONDON: Tin was the first to turn wild. The London Metal Exchange’s (LME) tin contract rarely makes the headlines...

Published 26 Dec, 2021 03:57am

Markets

Industrial metals rangebound as investors gauge Omicron impact

Industrial metals were rangebound on Friday as investors awaited fresh clues on how the rapidly spreading Omicron...

Published 24 Dec, 2021 11:02am

Markets

Industrial metals fall as Chinese data weakens demand outlook

LONDON: Prices of copper and most other industrial metals fell on Wednesday as data from China, the biggest ...

Published 16 Dec, 2021 04:00am

Markets

Industrial metals slide on new Covid-19 variant jitters

LONDON: Prices of copper and other industrial metals fell on Friday over fears that a new and possibly...

Published 27 Nov, 2021 05:08am

Markets

Firmer dollar drags down industrial metals

LONDON: Prices of industrial metals eased on Tuesday as the dollar firmed on positive sentiment from a virtual...

Published 17 Nov, 2021 04:22am

Markets

Industrial metals rise on low inventories

LONDON: Base metals resumed their climb on Wednesday as the dollar slipped and on concerns that the global power...

Published 21 Oct, 2021 04:38am

Markets

China completes latest metal reserves auctions, eyes more

BEIJING: China on Saturday released 150,000 tonnes of industrial metals from its state reserves in the fourth round...

Published 10 Oct, 2021 04:26am

Markets

Industrial metals rally takes a breather on China worries

LONDON: Most industrial metals fell on Tuesday as concerns over the property market in top consumer China and falls...

Published 15 Sep, 2021 04:19am

Markets

Industrial metals slip as caution rules ahead of inflation data

Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9,416 a tonne in official trading having fallen 1.3% on Monday

Updated 14 Sep, 2021 05:56pm

Markets

Chinese regulators warn metals firms to maintain good market order

BEIJING: China’s government watchdogs warned industrial metals companies to maintain “normal market order”...

Published 25 May, 2021 04:40am

Markets

LME to announce open outcry ring decision in early June

The exchange, the world's oldest and largest market for industrial metals, announced a proposal in January to move to full electronic trading and held a consultation.
"The LME received an unprecedented volume of feedback ... with 192 individual responses," it said.

Published 30 Apr, 2021 06:23pm

Markets

Copper prices slide

LONDON: Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking...

Published 30 Mar, 2021 05:45am

Markets

Nickel collapse triggers slide across industrial metals

LONDON: Industrial metals fell on Thursday as a collapse in nickel prices and a jittery mood among investors on ...

Published 05 Mar, 2021 05:17am

Markets

Nickel collapse triggers slide across industrial metals

Benchmark copper on the London Metal Exchange (LME), which hit a 10-year high of $9,617 a tonne last week, was on track for its worst day since October as it lost 4.2% to $8,720.
Nickel, meanwhile, tumbled for a second day. Having reached a seven-year high of $20,110 last week, it traded at $16,175 a tonne, down 7.1% and set for its biggest one-day loss since 2016.

Updated 04 Mar, 2021 09:51pm

Business & Finance

China 2020 crude steel output rises to 1.05bn T, sets record for fourth year

Hebei province, accounting for a quarter of China's total capacity, produced 229 million tonnes of crude steel in the first 11 months of last year, defying the target it set in 2018 to keep capacity within 200 million tonnes by end-2020.

Published 18 Jan, 2021 10:30am

Markets

Worry about Indonesian supplies fuel nickel's surge

Benchmark nickel on the London Metal Exchange was up 4.9% at $17,425 a tonne.
Earthquakes in Indonesia triggered nickel buying, but it's a knee-jerk reaction and I'm not sure these levels can be sustained as production hasn't really been affected.

Published 04 Jan, 2021 06:03pm

Markets

Copper drifts lower in thin trading as coronavirus cases rise

We've just come into some sort of vacuum, with people out of the markets right now.
"I think there are good prospects of going higher next year, but we're not out of the woods yet with this pandemic."

Published 30 Dec, 2020 06:45pm

Markets

Industrial metals cement gains with hopes of strong demand in 2021

Benchmark copper on the London Metal Exchange (LME) was down 0.2% at $7,830 a tonne.
Other base metals were up between 0.3% and 1.4%.

Published 24 Dec, 2020 05:48pm

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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