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Aluminium prices

Copper falls on China's pledge to cool metals prices

Benchmark three-month copper on the London Metal Exchange (LME) eased 1.5% to $9,832 per tonne.
China is looking to release 800,000-900,000 tonnes of primary aluminium.

Published 10 Jun, 2021 06:21pm

Markets

China eyes releasing up to 900,000 tonnes of aluminium reserves

"The stock releases could ... offset some of the shortages caused by imposed curtailments in Yunnan and Inner Mongolia."
China churned out 3.35 million tonnes of primary metal in April.

Updated 10 Jun, 2021 04:49pm

Markets

World’s largest aluminium producer still short of metal

LONDON: April was another record month for Chinese aluminium production, the latest in a series stretching back over...

Published 09 Jun, 2021 03:29am

Markets

Copper slips on worries about Chinese demand after trade data

China's copper imports fell 8% in May from the previous month as record-high prices further eroded buying interest while overall export growth missed analysts' forecasts.
Three-month copper on the London Metal Exchange had shed 0.6% to $9,890 a tonne by 1430 GMT after rising by 1.7% on Friday.

Published 07 Jun, 2021 08:51pm

Markets

Copper slips on worries about Chinese demand after trade data

Three-month copper on the London Metal Exchange shed 0.9% to $9,864 a tonne in official trading after rising by 1.7% on Friday.
Hansen said if prices extended their retreat, they would likely head towards the 50-day moving average around $9,655.

Published 07 Jun, 2021 06:10pm

Markets

Copper rebounds on bargain hunting after steep fall

Three-month copper on the London Metal Exchange (LME) gained 0.8% to $9,866 a tonne in official trading, having lost as much as 3.8% in the previous session.

Published 04 Jun, 2021 06:45pm

Markets

Copper edges lower on China demand concerns

Three-month copper on the London Metal Exchange slipped 0.2% to $10,201 a tonne.
Torlizzi expected copper prices to correct lower during the summer, when bullish investors would start buying again. He targeted $8,000 as an attractive level to re-enter the market.

Published 28 May, 2021 08:41pm

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

China crackdown on prices subdues industrial metals

Benchmark copper on the London Metal Exchange traded up 0.1% at $9,961 a tonne in official rings.
Prices of the metal used widely in the power and construction industries have fallen 7% since hitting a record high at $10,747.50 a tonne earlier this month.

Published 25 May, 2021 08:16pm

Markets

LME official prices

LONDON: The following were Thursday official prices....

Published 22 May, 2021 04:05am

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since September 2020 after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.
Three-month LME copper had slid 1.6% to a two-week low of $9,884 a tonne, down 3.5% on the week.

Published 21 May, 2021 08:20pm

Markets

Copper retreats on fears over Chinese price crackdown

Copper on the London Metal Exchange (LME) was set for its biggest weekly drop since January after a sizzling rally with near 40% gains since the start of the year to a record peak of $10,747.50 last week.

Published 21 May, 2021 04:45pm

Markets

Copper up on dollar, strike possibility in Chile

"There's been some buying on the back of a lower dollar and the possibility of a strike at Escondida (copper mine in Chile)," a copper trader said. "But the rally does seem to have to run out of steam."
An overhaul of Chile's market-orientated constitution is underway and the country is debating whether to increase royalties on miners.

Published 20 May, 2021 06:05pm

Markets

Aluminium extends rally on growing supply fears

Prices have rocketed 25% this year as commodities and equities markets surged and investors anticipate that a crackdown on polluting smelters in China will constrain supply.
Adding impetus was China saying it would "indefinitely" suspend all activity under a China-Australia Strategic Economic Dialogue, deepening a crisis in relations.

Published 06 May, 2021 08:56pm

Markets

High prices putting China’s manufacturers off aluminium

SHANGHAI: A surge in prices for metals including aluminium is prompting users such as home appliance manufacturers ...

Published 01 May, 2021 03:28am

Markets

Aluminium prices climb to 3-year high

LONDON: Aluminium prices climbed on Friday to three-year highs, fuelled by worries about supplies from top producer...

Published 24 Apr, 2021 03:21am

Markets

China's pollution clampdown drives aluminium to three-year peak

Benchmark aluminium on the London Metal Exchange was up 1% at $2,387 a tonne at 1121 GMT. Prices of the metal used widely in the transport, construction and packaging industries earlier touched $2,389, a gain of more than 20% since January.
Electricity, much of it from coal in China, can account for 30%-40% of aluminium smelting costs.

Published 23 Apr, 2021 05:35pm

Markets

Supply angst propels aluminium to multi-year high

LONDON: Aluminium prices rose on Wednesday to their highest in nearly three years on worries about supplies from top...

Published 15 Apr, 2021 03:22am

Markets

Russia's Rusal to upgrade technology for 35pc of smelter capacity to cut emissions

The new cells will have the same total annual production capacity - of 1.4 million tonnes of aluminium. These four smelters in total produced 2.7 million tonnes of aluminium in 2020, or 71% of the company's output.
The 10-year project will start this year, and investments, which the Hong Kong-listed Rusal is yet to disclose, will peak in 2022-2027.

Published 14 Apr, 2021 08:41pm

Markets

Supply angst propels aluminium to multi-year high

Benchmark aluminium on the London Metal Exchange (LME) was up 1% at $2,315 a tonne.
Aluminium, which is used in transport, packaging and construction, earlier touched its highest since June 2018 at $2,323.50 to stand more than 15% up from the start of this year.

Published 14 Apr, 2021 04:51pm

Markets

Copper prices fall on weaker-than-expected China demand

ShFE aluminium declined 0.4% to 17,475 yuan a tonne, tin dropped 0.6% to 184,660 yuan a tonne, while zinc rose 0.3% to 21,850 yuan a tonne.

Published 07 Apr, 2021 12:52pm

Markets

Dollar, inventories weigh on copper prices

LONDON: Copper prices fell on Tuesday as a firmer dollar and higher inventories triggered a bout of selling while ...

Published 31 Mar, 2021 05:42am

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

LME official prices

LONDON: The following were Thursday official prices....

Published 27 Mar, 2021 05:41am

Markets

Aluminium hits highest since 2018

LONDON: Aluminium prices rose on Monday to their highest level since June 2018 as investors worried that Chinese...

Updated 23 Mar, 2021 05:15pm

Markets

Aluminium hits highest since 2018 as China pollution curbs seen restricting output

Benchmark aluminium on the London Metal Exchange (LME) was up 0.3pc at $2,273 a tonne at 1705 GMT after reaching $2,289.50.

Updated 23 Mar, 2021 05:12pm

Markets

China Jan-Feb aluminium output rises

SHANGHAI: China’s aluminium production rose 8.4% in the first two months of 2021 compared with the same period ...

Published 16 Mar, 2021 04:43am

Business & Finance

China's Baotou clamps down on energy consumption, driving up aluminium prices

Inner Mongolia city races to meet Q1 energy consumption goal.
100,000 T of annual aluminium output could be cut – analyst.
Shanghai aluminium prices rise 2.7% towards 18,000 yuan/T.

Published 15 Mar, 2021 06:02pm

Markets

Copper prices slip as China cools growth and credit plans

China is widely expected to rein in coronavirus-induced stimulus and cool credit growth to contain debt risks while maintaining support for ailing small firms. It has also set modest growth targets.
Three-month copper on the London Metal Exchange (LME) declined 1.4% to $8,883 a tonne.

Updated 09 Mar, 2021 09:30pm

Markets

Copper edges down as a firm dollar weighs

The dollar held near a 3-1/2-month high against its rivals as higher bond yields.

Published 09 Mar, 2021 10:31am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 5	288.49

Gainers
Losers
Leaders

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

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

Stock	Volume
P.I.A.C.(A) / May 5 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 5 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 5 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 5 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 5 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 5 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 5 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 5 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 5 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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