Trends - copper import - Business Recorder

copper import

Copper under pressure on Omicron uncertainty

LONDON: Copper prices came under pressure on Tuesday due to worries about the Omicron coronavirus variant and its...

Updated 30 Nov, 2021 06:31pm

Markets

Copper hits one-month low

LONDON: Copper prices extended their decline to a one-month low on Tuesday on renewed fears that troubles at...

Published 22 Sep, 2021 03:48am

Markets

Copper prices climb on weak US inflation

LONDON: Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened...

Published 16 Sep, 2021 04:02am

Markets

Copper climbs on weak US inflation, China data caps gains

Three-month copper on the LME rose for the first time this week, climbing 0.7% to $9,505 per tonne

Published 15 Sep, 2021 04:55pm

Markets

Copper dips on demand worries after weak factory data

LONDON: Copper prices slipped on Monday, weighed down by worries about demand after weak factory data from the ...

Published 03 Aug, 2021 04:35am

Markets

Tin near record on supply concerns, nickel jumps to 5-month high

Benchmark tin on the London Metal Exchange, the best performer among the metals complex this year, touched a high of $33,590 a tonne, within striking distance of a April 2011 high of $33,600.

Published 16 Jul, 2021 08:24pm

Markets

Copper eases as China industrial profits slow, stocks climb

LONDON: Copper edged lower on Monday as slowing profit growth in industrial firms in top consumer China metals,...

Published 29 Jun, 2021 03:24am

Markets

Brazil's real bucks Latam gloom on hawkish central bank minutes

Brazil's real erased early losses to trade up 0.2%, as central bank minutes showed a 100 basis point hike could be coming at the next meeting to keep inflation in check.
Copper struggled to hold gains, weighing on top producer Chile's peso, while Mexico's peso looked to give back Monday's strong gains, down 0.4%.

Published 22 Jun, 2021 08:07pm

Markets

Copper edges higher ahead of Fed chair's testimony

Benchmark copper on the London Metal Exchange (LME) reached a record high of $10,747.50 a tonne in May but fell 8.6% last week and touched a low of $9,011 a tonne on Monday.

Published 22 Jun, 2021 06:17pm

Markets

Copper heads for its biggest weekly tumble since March 2020

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $9,238 a tonne.
The sell-off follows a remarkable rally, with the metal used in power and construction reaching a record high of $10,747.50 in May.

Published 18 Jun, 2021 05:28pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

Copper prices hover below $10,000

LONDON: Copper prices hovered below $10,000 a tonne on Wednesday as data showed Chinese factories were facing the...

Published 10 Jun, 2021 03:22am

Markets

Copper sinks as inflation fears eclipse South American political risk

Benchmark three-month copper on the London Metal Exchange (LME) shed 2.6% to $10,136 a tonne.
The metal, widely used in the power and construction industries, was on track for its biggest daily fall since February. Last week, copper hit a record of $10,747.50 a tonne and has jumped 32% so far this year.

Published 19 May, 2021 05:25pm

Markets

Copper turns higher

LONDON: Copper rose back towards last week’s record high on Monday as the threat of strikes at mines in Chile and ...

Published 18 May, 2021 05:05am

Markets

China’s super-charged buying reshapes copper market

LONDON: China’s net imports of refined copper surged by 38% to 4.4 million tonnes last year, breaking all...

Published 07 May, 2021 04:35am

Business & Finance

Zambia denies report it shuttered Konkola Copper Mines

"There is no point at which production has been halted or even stopped; there has been continuous production throughout."
Zambia handed control of KCM to a provisional liquidator in May 2019, triggering an ongoing legal dispute with Vedanta.

Published 06 May, 2021 05:12pm

Markets

Copper edges towards $10,000 ahead of holiday in China

Benchmark copper on the London Metal Exchange was up 0.1% at $9,895 a tonne.
Copper prices dipped initially on Friday, but then joined gains in other risky assets such as world stocks, which held near record highs, lifted by strong US data and the Federal Reserve's vow to support the economy.

Published 30 Apr, 2021 05:32pm

Markets

Copper hovers near 10-year high as equities take a breather

Benchmark copper on the London Metal Exchange (LME) was up 0.1% at $9,385.50 a tonne.
Global shares slipped further as lofty sovereign bond yields and rising global COVID-19 cases had investors questioning high equity valuations.

Published 20 Apr, 2021 05:24pm

Markets

Bullish investors push copper towards 10-year highs

"That February high" -- $9,617 -- "will be tested sooner or later," said Saxo Bank analyst Ole Hansen, taking prices to their highest since 2011. Prices would then target $10,000 a tonne, he said.
World shares traded near record highs with investors generally upbeat about the prospects for a global economic recovery from COVID-19.

Published 19 Apr, 2021 05:20pm

Markets

Copper heads for biggest weekly gain since February

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $9,320.50 a tonne.
Global equities were near record highs and European stocks reached an all-time peak. Oil prices rose above $67 a barrel.

Published 16 Apr, 2021 06:39pm

Markets

Bullish sentiment propels copper to six-week high

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.

Published 15 Apr, 2021 08:21pm

Markets

Copper rebounds on industrial buying; speculators on sidelines

Three-month copper on the London Metal Exchange had gained 0.6% to $8,914 a tonne by 0930 GMT, after shedding 0.7% on Monday.
The most-traded May copper contract on the Shanghai Futures Exchange closed down 0.3% at 65,870 yuan ($10,055.72) a tonne.

Published 13 Apr, 2021 05:28pm

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

Copper heads for weekly gain despite dip on China policy fears

Benchmark copper on the London Metal Exchange (LME) was down 0.3% at $8,984 a tonne by 1206 GMT but up about 2% for the week and on course for its first weekly rise in a month.
A barnstorming economic recovery in China and speculative buying pushed the metal used in power and construction to $9,617 in February, its highest in a decade, before prices stagnated.

Published 09 Apr, 2021 05:07pm

Markets

Copper climbs to 2-week high as top producer Chile shuts borders

Three-month copper on the London Metal Exchange climbed as much as 3.6% to $9,104 a tonne, its highest since March 23.
The most-traded May copper contract on the Shanghai Futures Exchange also hit its highest in two weeks, advancing as much as 2.3% to 67,670 yuan ($10,330.82) a tonne.

Published 06 Apr, 2021 12:53pm

Markets

Japanese copper smelter output seen falling despite demand recovery

TOKYO: Japan’s output of refined copper in the first half of the 2021/22 financial year will fall 1.9% year on...

Published 04 Apr, 2021 04:12am

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

Copper cheered by US economic data, new lockdowns weigh

While benchmark copper on the London Metal Exchange traded up 1.6% at $8,918.5 a tonne in official rings, prices of the metal used as a gauge of economic health by investors are down about 7% since hitting 9-1/2-year highs of $9,617 last month.
"We are in a consolidation period, not necessarily because of fundamentals," said Julius Baer analyst Carsten Menke.

Published 26 Mar, 2021 08:04pm

Markets

Copper falls to nearly 3-week low on China demand worries, firm dollar

Three-month copper on the London Metal Exchange shed 2.2% to $8,780.50 a tonne in official trading, having hit $8,702 a tonne, its lowest since March 5.
Chinese demand worries and a stronger dollar - these are the two main macro factors that's causing a general loss of risk appetite across the whole commodity space.

Published 25 Mar, 2021 08:50pm

Markets

Copper falls to near 3-week low on China demand worries, firm dollar

Three-month copper on the London Metal Exchange had shed 2.2% to $8,781 a tonne.
Technical support was at a recent low of $8,570 and at $8,550, the 50-day moving average, he added.

Published 25 Mar, 2021 05:17pm

Gainers
Losers
Leaders

Stock	Price
PICIC Ins.Ltd. / Dec 3 PICIC Insurance Limited(PIL)	1.22 ▲ 0.09 (7.96%)
Popular Islamic / Dec 3 Popular Islamic Modaraba(PIM)	15.36 ▲ 1.07 (7.49%)
Pak TobaccoXD / Dec 3 Pakistan Tobacco Company Limited(PAKT)	1049.99 ▲ 66.62 (6.77%)
Next Capital / Dec 3 Next Capital Limited(NEXT)	10.39 ▲ 0.64 (6.56%)
KASB Mod / Dec 3 KASB Modaraba(KASBM)	1.98 ▲ 0.09 (4.76%)
K-Electric Ltd. / Dec 3 K-Electric Limited(KEL)	3.22 ▲ 0.11 (3.54%)
Pervez Ahmed Co / Dec 3 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.05 ▲ 0.02 (1.94%)
National Bank / Dec 3 National Bank of Pakistan(NBP)	34.00 ▲ 0.50 (1.49%)
Pak Oilfields / Dec 3 Pakistan Oilfields Limited(POL)	340.00 ▲ 4.89 (1.46%)
Kohinoor Ind. / Dec 3 Kohinoor Industries Limited(KOIL)	5.75 ▲ 0.07 (1.23%)

Stock	Price
Janana D Mal / Dec 3 Janana De Malucho Textile Mills Limited(JDMT)	71.60 ▲ -5.80 (-7.49%)
Pioneer Cement / Dec 3 Pioneer Cement Limited(PIOC)	78.00 ▲ -5.48 (-6.56%)
Kohinoor Textile / Dec 3 Kohinoor Textile Mills Limited(KTML)	56.00 ▲ -3.67 (-6.15%)
Mehran Sugar / Dec 3 Mehran Sugar Mills Limited(MRNS)	40.00 ▲ -2.25 (-5.33%)
Khyber Tobacco / Dec 3 Khyber Tobacco Company Limited(KHTC)	245.00 ▲ -13.75 (-5.31%)
Netsol Tech. / Dec 3 NetSol Technologies Limited(NETSOL)	90.21 ▲ -4.94 (-5.19%)
Pakgen Power / Dec 3 Pakgen Power Limited(PKGP)	25.00 ▲ -1.26 (-4.80%)
Maple Leaf / Dec 3 Maple Leaf Cement Factory Limited(MLCF)	32.75 ▲ -1.64 (-4.77%)
Octopus Digital / Dec 3 Octopus Digital Limited(OCTOPUS)	61.79 ▲ -2.98 (-4.60%)
Nazir Cotton Mills / Dec 3 Nazir Cotton Mills Limited(NCML)	5.00 ▲ -0.24 (-4.58%)

Stock	Volume
TPL Properties / Dec 3 TPL Properties Limited(TPLP)	16,471,500 ▼ 0.00
WorldCall Telecom / Dec 3 Worldcall Telecom Limited(WTL)	8,003,500 ▼ 0.00
Byco Petroleum / Dec 3 Byco Petroleum Pakistan Limited(BYCO)	7,233,000 ▼ 0.00
Unity Foods Ltd / Dec 3 Unity Foods Limited(UNITY)	6,151,260 ▼ 0.00
Telecard Limited / Dec 3 Telecard Limited(TELE)	5,846,000 ▼ 0.00
Ghani Glo Hol / Dec 3 Ghani Global Holdings Limited(GGL)	4,728,500 ▼ 0.00
Pak Refinery / Dec 3 Pakistan Refinery Limited(PRL)	4,457,500 ▼ 0.00
TRG Pak Ltd / Dec 3 TRG Pakistan Limited(TRG)	3,976,879 ▼ 0.00
Maple Leaf / Dec 3 Maple Leaf Cement Factory Limited(MLCF)	3,274,769 ▼ 0.00
G3 Tech. / Dec 3 G3 Technologies Limited(GTECH)	3,030,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 2	176.60
USD PKR Interbank Buying / Dec 2	176.50
USD to Japanese Yen / Dec 2	113.22
USD to Swiss Franc / Dec 2	0.92
Pound Sterling to USD / Dec 2	1.33
Euro to USD / Dec 2	1.13
UK LIBOR % / Dec 2	0.08

Stock	Volume
S&P 500 / Dec 2	4577.10
India Sensex / Dec 2	58461.29
Tokyo Nikkei / Dec 2	27753.37
Nasdaq / Dec 2	15381.32
Hang Seng / Dec 2	23788.93
FTSE 100 / Dec 2	7129.21
Dow Jones / Dec 2	34639.79
Germany DAX 30 / Dec 2	15263.11
France CAC40 / Dec 2	6795.75

Item	Value
Crude Oil / Dec 2	67.53
Karachi Cotton Assoc. / Dec 2	17380.00
Gold 10 Grams / Dec 2	99500.00
Gold Spot / Dec 2	1770.49
Cotton / Dec 2	103.70

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