Trends - Copper - Business Recorder

Copper

Chinese data helps propel copper to 2-year highs

LME copper stocks fall to lowest since Dec 2005.
Premium for cash copper over 3-month narrows.

Published 01 Sep, 2020 09:35pm

Markets

Peru copper mining almost 'completely recovered' from pandemic

Peru's copper production, however, fell 2.2% in July, compared with the same period a year earlier, to 198,796 tons.
The Peruvian government decreed a quarantine due to the coronavirus in mid-March, with special restrictions on mining activity.

Published 01 Sep, 2020 09:31pm

Markets

China copper firm Daye ups output target after loss, delays smelter launch

Daye lifts 2020 copper cathode output target by 5,000 tonnes.
Says managed to operate above 80% capacity even in Feb-March.
New 400,000 tpy smelter will now start up in 2022, not 2021.

Published 31 Aug, 2020 07:01pm

Markets

Copper hits fresh 2-year high on weak dollar, falling stocks

Inventories of copper are drawing down at a decent pace and the fundamentals are looking quite good.
There were also signs of a high level of systematic buying and high frequency trading.

Published 28 Aug, 2020 06:01pm

Markets

Copper supported by low stocks and weaker dollar

Nickel prices hit highest since November 2019.
Cash copper still at a premium to 3-month contract.

Published 25 Aug, 2020 07:23pm

Markets

Copper rises as LME inventories dwindle to 13-year low

Benchmark copper on the LME traded up 1.1% at $6,559.50 a tonne.

Published 24 Aug, 2020 06:22pm

Markets

Antofagasta earnings dive 22pc on weaker copper, keeps dividend

Antofagasta cuts dividend by 42%.
Maintains copper output, spending targets.
H1 profits close to consensus.

Updated 20 Aug, 2020 06:38pm

Markets

London copper jumps to highest in over two years as output falls

Three-month copper on the London Metal Exchange jumped as much as 1.8pc to $6,686 a tonne, its highest since June 2018.

Published 19 Aug, 2020 05:44pm

Markets

LME copper may revisit July 13 high of $6,633 this week

The correction has been driven by a wave 4, the fourth wave of a five-wave cycle from $5,146.

Published 17 Aug, 2020 04:59pm

Markets

Copper gains on China data but heading for weekly loss

Three-month copper on the London Metal Exchange, rose 1.3pc to $6,338.50 a tonne by 1136 GMT.

Published 14 Aug, 2020 06:16pm

Markets

Copper slips on weak European factory data

Benchmark copper on the London Metal Exchange (LME) was down 0.1pc at $6,382 a tonne at 1048 GMT.

Published 12 Aug, 2020 04:08pm

Markets

LME copper eases on stronger dollar, rising Sino-US tension

The most-traded September copper contract on the Shanghai Futures Exchange closed up 0.1pc to 50,340 yuan ($7,237.44) a tonne.

Published 11 Aug, 2020 04:46pm

Markets

Copper dips as US-China tensions simmer, economy weighs

Investors were reminded of the consequences of the virus as the number of people in work in Britain suffered the biggest drop in a decade.

Published 11 Aug, 2020 03:38pm

Markets

Copper rallies as spotlight shifts back to stronger demand

China's copper import surge in focus.
LME copper stocks at lowest since March 2019.

Published 11 Aug, 2020 12:14am

Markets

China July copper output dips, zinc production rises

Its survey of 22 copper smelters put refined cathode output at 687,100 tonnes last month, down 1.7pc from a revised 699,200 tonnes for June.

Published 10 Aug, 2020 04:23pm

Markets

Copper up on demand hopes, sliding inventories

Premium for cash over 3-month copper contract narrows.
LME copper stocks down more than 50% since May.

Updated 06 Aug, 2020 12:49am

Markets

Peru copper and gold output nosedive in first half of 2020, ravaged by coronavirus

The world's No. 2 copper producer said production of the red metal plunged 20.4% in the first half of 2020 versus the same period in 2019.
Gold production also fell 34.7% in the first six months of the year, while zinc output dropped off 23.7%, the country's Energy and Mines ministry said in a statement.

Published 04 Aug, 2020 11:23pm

Markets

London copper eases as investors eye next cue

Three-month copper on the London Metal Exchange fell 0.5pc to $6,456 a tonne by 0705 GMT.

Published 04 Aug, 2020 04:01pm

Markets

Copper set for 4th monthly gain as metals rise on weak dollar, strong China data

A weaker greenback makes dollar-denominated metals cheaper for holders of other currencies and can support prices.

Published 31 Jul, 2020 06:06pm

Markets

Copper slips on rising virus cases, economic worries

In Europe, shares fell on dismal earnings reports and data showing Europe's biggest economy Germany had shrunk by a record 10.1pc in the second quarter.

Published 30 Jul, 2020 03:39pm

Markets

London copper advances as investors eye US stimulus package

Positive COVID-19 vaccine developments, with Moderna Inc and Pfizer Inc launching two late-stage vaccines trials that could achieve regulatory approval and widespread use by end-2020.

Published 28 Jul, 2020 05:18pm

Markets

US-China tensions drive copper towards first weekly loss since May

Benchmark copper on the London Metal Exchange (LME) was 2% down at $6,413 a tonne at 1620 GMT on Friday for a weekly decline of about 0.5%.
Copper has rebounded from $4,371 in March as China, the biggest consumer, controlled its coronavirus outbreak.

Published 24 Jul, 2020 11:22pm

Markets

Copper falls as Sino-US tensions rise

The United States' move to shut the Chinese consulate in Houston, Texas on Wednesday prompted Beijing to consider closing the US consulate in the central city of Wuhan.

Published 23 Jul, 2020 05:18pm

Markets

Copper slides on profit-taking, focus on demand outside China

Benchmark copper on the London Metal Exchange was down 0.5pc at $6,500 a tonne at 1026 GMT.

Published 22 Jul, 2020 03:51pm

Markets

Copper edges up on EU stimulus deal, coronavirus vaccine hopes

Gains, however, were capped by a steady rise in virus cases worldwide and lingering uncertainty over the final outcome of the vaccine trials.

Published 21 Jul, 2020 04:20pm

Markets

Copper steady near two-year high, new coronavirus cases weigh

A week ago the metal touched a peak of $6,633 a tonne, the highest since 2018, up from a low of $4,371 in March.
A rebound in the economy of top metals consumer China and supply disruptions, mainly in the world's main producing region South America, has boosted prices.

Published 21 Jul, 2020 12:23am

Markets

Copper slips as Chinese data raises doubts over demand

The metal used in power and construction reached $6,633 on Monday after a spectacular rally from $4,371 in March, when the coronavirus spread worldwide.
The head of the International Monetary Fund said the global economy is "not out of the woods yet".

Published 16 Jul, 2020 05:34pm

Markets

Eighth weekly gain takes copper back to pre-COVID prices

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $6,324 a tonne.
It was up 5% this week after Thursday's rise to $6,360, the highest since May 2019 and up from a low of $4,371 in March.

Published 10 Jul, 2020 05:26pm

Markets

Copper hits highest in 14-months on China demand, Chile supply cuts

Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its highest since May 2019 at $6,360.
The fundamental backdrop is improving and clearly copper is reflecting hopes of a V-shaped or U-shaped economic recovery.

Published 09 Jul, 2020 07:05pm

Markets

Copper punches towards January peak, boosted by Chile fears

Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.

Published 08 Jul, 2020 06:26pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.23
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 21	5321.41
India Sensex / May 21	73953.31
Tokyo Nikkei / May 21	38671.97
Nasdaq / May 21	16832.63
Hang Seng / May 21	19674.69
FTSE 100 / May 21	8416.45
Dow Jones / May 21	39872.99
Germany DAX 30 / May 21	18726.76

Item	Value
Crude Oil USD/Barrel / May 21	79.26
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold 10 Grams PKR / May 21	213048
Gold Spot USD/Ounce / May 21	2423.23
Cotton US¢/pound / May 21	77.37
Petrol/Litre / May 22	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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