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 / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	155.74
USD to Swiss Franc / Jan 17	0.91
Pound Sterling to USD / Jan 17	1.22

Stock	Volume
S&P 500 / Jan 16	5,937.34
Nasdaq / Jan 16	19,338.29
Dow Jones / Jan 16	43,153.13
India Sensex / Jan 17	76,671.81
Tokyo Nikkei / Jan 17	38,451.46
Hang Seng / Jan 17	19,567.81
FTSE 100 / Jan 17	8,477.94
Germany DAX 30 / Jan 17	20,852.83

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 16	18,785
Gold 10 Grams PKR / Jan 16	241,941
Crude Oil USD/Barrel / Jan 17	79.09
Gold Spot USD/Ounce / Jan 17	2,713.02
Cotton US¢/pound / Jan 17	67.05
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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