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copper import

Copper spirals lower as bond rout spooks investors

Three-month copper on the London Metal Exchange (LME) had slumped 3.2% to $9,112 a tonne .
On Thursday, LME copper hit its highest since August 2011 at $9,617 a tonne, 5.6% short if its record high of $10,190 in February 2011.

Published 26 Feb, 2021 07:07pm

Markets

Copper jumps to 9-1/2 year high on inflation fears

Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.
Three-month copper on the London Metal Exchange had climbed 1.2% to $9,417 a tonne.

Published 25 Feb, 2021 09:32pm

Markets

Copper jumps to new 2011 highs on inflation fears

Three-month copper on the London Metal Exchange was up 2.2% at $9,513.50 a tonne.
Copper is about 6% below its record high of $10,190 a tonne hit in February 2011.

Published 25 Feb, 2021 06:47pm

Markets

Copper holds near 9-1/2 year high as weak dollar, low inventories support

Benchmark three-month copper on the London Metal Exchange (LME) rose 0.3% to $9,231 per tonne.
"The macro story of strong growth and higher inflation is likely to be the main theme."

Published 24 Feb, 2021 05:57pm

Markets

Copper's spectacular rally slows at 9 1/2-year highs

Benchmark copper on the London Metal Exchange was up 0.2% at $9,112 a tonne. *Prices have shot up 16% in February, the biggest monthly rise since November 2016, taking gains since the start of 2020 to around 50%.

Published 23 Feb, 2021 05:49pm

Markets

Copper leaps above $9,000 a tonne for first time since 2011

Other base metals hit multi-year highs.
Copper up 16% so far this year.
Speculators raise net long position.

Published 22 Feb, 2021 08:06pm

Markets

Global copper smelting slides in January amid COVID-19 lockdowns

Top producer China also dipped but from high levels, satellite service SAVANT and broker Marex Spectron said in a joint statement on Tuesday.
It sells data to fund managers, traders and miners and publishes a free monthly index of global copper smelter activity.

Published 16 Feb, 2021 08:01pm

Markets

Copper touches fresh 2012 peak in thin trade on recovery hopes

Tuesday is the third successive session that LME copper has hit fresh multi-year peaks, having rallied by 93% since March last year.
Some investors see current high prices as the start of a new bull market, but analyst Carsten Menke at Julius Baer in Zurich is wary.

Published 16 Feb, 2021 06:10pm

Markets

Copper dips as Lunar New Year halts Chinese buying

Benchmark copper slipped 0.4% to $8,251 a tonne in official trading after touching an eight-year peak on Thursday, having surged nearly 90% since March last year.
There was some last-minute restocking by the Chinese ahead of their holiday, so when they come back they'll be able to gear up pretty quickly.

Published 12 Feb, 2021 08:24pm

Markets

Copper dips as Lunar New Year halts Chinese buying

Benchmark copper was down 0.4% at $8,248.50 a tonne by 1140 GMT after touching an eight-year peak on Thursday, having surged nearly 90% since March last year.
There was some last-minute restocking by the Chinese ahead of their holiday, so when they come back they'll be able to gear up pretty quickly.

Published 12 Feb, 2021 06:07pm

Markets

Copper at one-month high on stimulus hopes, soft dollar

Three-month copper on the London Metal Exchange (LME) added 1.1% to trade at $8,132 per tonne in official trading.
Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs, pushing commodities up.

Updated 09 Feb, 2021 10:02pm

Markets

Copper rebounds on short covering, hopes on China liquidity

Investors are expecting China to cool credit growth and scale back fiscal stimulus this year to help stabilise debt.
The market has been trying to come to terms with that cash squeeze we saw in China last week but there are some signs now that the squeeze has eased.

Published 03 Feb, 2021 05:34pm

Markets

Copper heads towards six-week low as China holiday looms

Benchmark copper on the London Metal Exchange (LME) was down 0.8% at $7,739 a tonne.
The Chinese holiday is a time when manufacturing and demand typically slow for a few weeks.

Published 02 Feb, 2021 05:44pm

Markets

Firmer dollar, equities sell-off push Shanghai copper to 1-month low

The most-traded March copper contract on the Shanghai Futures Exchange dropped as much as 2% to 57,620 yuan ($8,895.82) a tonne, a level unseen since Dec. 23, 2020.
Three-month copper on the London Metal Exchange edged 0.1% lower to $7,818 a tonne, and nickel fell 1.4% to $17,660 a tonne and tin shed 1% to $22,575 a tonne.

Published 28 Jan, 2021 07:43pm

Markets

Copper to retreat from peaks as China demand eases

Copper seen averaging $7,600/T in 2021.
Aluminium surplus marked up to 1,110,000 T this year.
Analysts flip to 2021 nickel surplus from deficit in pvs poll.

Published 27 Jan, 2021 09:07pm

Markets

Copper slips as China's coronavirus outbreak raises demand fears

Benchmark copper on the London Metal Exchange (LME) was down 1.8% at $7,877.50 a tonne.
Stocks in LME-registered warehouses have plunged to 1,030 tonnes, near record lows, with almost 40% already earmarked for delivery.

Published 22 Jan, 2021 06:03pm

Markets

China's copper imports slide in fourth quarter of 2020

Sliding stocks in LME approved warehouses to support copper
Reasons for the expected lull include scrap, which typically starts to emerge at high prices.

Published 22 Jan, 2021 05:11pm

Markets

Copper gains on bets that Biden can push through stimulus

Three-month copper on the London Metal Exchange (LME) was up 0.9% at $8,026 a tonne.
Yellen did not state anything new, however it (stimulus) was priced in to the market for a second time.

Published 20 Jan, 2021 06:11pm

Business & Finance

Copper miner Solgold CEO Mather to retire, hunt for new boss starts

While Solgold starts the hunt for a new CEO, its non-executive director Keith Marshall will step in as an interim chief.
The London-listed company is seeking to mend fences with major shareholders, as it needs to secure more than $2.5 billion for the project.

Published 19 Jan, 2021 05:47pm

Markets

Copper prices gain as China's solid economic data supports

Virus infections in other major economies remained high.

Published 19 Jan, 2021 10:34am

Markets

Copper rises on strong economic data from top metals buyer China

Three-month benchmark copper on the London Metal Exchange (LME) gained 0.5% to $7,991 tonnes.
The China data was pretty robust, not any great surprises there but just confirmation that China is back on track and that is a solid underpinning for metals.

Published 18 Jan, 2021 07:12pm

Markets

Copper supported by low inventory and demand prospects

Benchmark copper on the London Metal Exchange (LME) traded little changed at $7,970.5 a tonne in official rings.
2021 will be a year of reflation, higher growth and strong demand for metals.

Published 13 Jan, 2021 07:28pm

Markets

Shanghai copper hits 1-week low as China imposes new virus curbs

The most-traded March copper contract on the Shanghai Futures Exchange fell as much as 2.5% to 57,960 yuan ($8,957.02) a tonne, its lowest since Jan. 5.

Published 12 Jan, 2021 12:18pm

Markets

Copper slips from 2013 peak as doubts grow about stimulus

Three-month copper on the London Metal Exchange was down 0.1% at $8,169.50 a tonne.
I think the market was just looking for positive news and the outcome of Georgia elections fits, but from a fundamental point of view it doesn't really change things.

Published 08 Jan, 2021 07:35pm

Markets

Copper hits highest since 2013 on stimulus hopes, supply fears

Benchmark copper on the London Metal Exchange (LME) was up 1.7% at $8,136.50 a tonne
New money is on the table from investors who see a very bullish story.

Published 06 Jan, 2021 04:49pm

Markets

Copper set to be LME's best base metal performer in 2020

However, US Senate leader Mitch McConnell's rejection to schedule a swift vote on whether to raise the country's coronavirus relief checks to $2,000 from $600 dampened sentiment.

Published 31 Dec, 2020 10:24am

Markets

LME copper eases, but hovers near multi-year high on demand recovery hopes

The most-traded copper contract on the Shanghai Futures Exchange rose 0.7% to 58,110 yuan ($8,892.26) a tonne.

Published 24 Dec, 2020 10:02am

Markets

Nickel drops to 2-week low on virus scare, ferrous sell-off

Three-month nickel on the London Metal Exchange fell to a level unseen since Dec. 8 at $16,295 a tonne, down 1.9%.

Published 23 Dec, 2020 09:26am

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Jun 9 Power Cement (Pref)(POWERPS)	6 ▲ 1.00 (20.00%)
Pak Gulf Leasing / Jun 9 Pak-Gulf Leasing Company Limited(PGLC)	7.55 ▲ 1.00 (15.27%)
PICIC Ins.Ltd. / Jun 9 PICIC Insurance Limited(PIL)	0.68 ▲ 0.09 (15.25%)
Sindh Modaraba / Jun 9 Sindh Modaraba(SINDM)	8.20 ▲ 1.00 (13.89%)
Sec. Inv. Bank / Jun 9 Security Investment Bank Limited(SIBL)	5.50 ▲ 0.54 (10.89%)
Hala Enterprise / Jun 9 Hala Enterprises Limited(HAEL)	7.05 ▲ 0.65 (10.16%)
Merit Packaging / Jun 9 Merit Packaging Limited(MERIT)	8.80 ▲ 0.79 (9.86%)
Popular Islamic / Jun 9 Popular Islamic Modaraba(PIM)	10.95 ▲ 0.96 (9.61%)
Next Capital / Jun 9 Next Capital Limited(NEXT)	5.44 ▲ 0.45 (9.02%)
Ist.Dawood Bank / Jun 9 First Dawood Investment Bank Limited(FDIBL)	1.70 ▲ 0.14 (8.97%)

Stock	Price
Mod. Al-Mali (R) / Jun 9 Modaraba Al-Mali R(MODAMR1)	0.23 ▼ -0.25 (-52.08%)
F.Treet Manuf / Jun 9 First Treet Manufacturing Modaraba(FTMM)	5.36 ▼ -1.00 (-15.72%)
HBL Invest Fund / Jun 9 HBL Investment Fund(HIFA)	1.38 ▼ -0.22 (-13.75%)
Service Textile / Jun 9 Service Industries Textiles Limited(SERT)	6.50 ▼ -0.70 (-9.72%)
Tariq Corp.Pref. / Jun 9 Tariq Corporation Limited-Preference Shares(TCORPCPS)	9.49 ▼ -1.00 (-9.53%)
United Brands / Jun 9 United Brands Limited(UBDL)	10.20 ▼ -0.94 (-8.44%)
EFG Hermes Pak / Jun 9 EFG Hermes Pakistan Limited(EFGH)	11.50 ▼ -0.98 (-7.85%)
First IBL Mod. / Jun 9 First IBL Modaraba(FIBLM)	2.60 ▼ -0.22 (-7.80%)
Allawasaya Tex / Jun 9 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	2764 ▼ -224.00 (-7.50%)
Ellcot Spinning / Jun 9 Ellcot Spinning Mills Limited(ELSM)	97.52 ▼ -7.91 (-7.50%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.24
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	19,470,263 ▲ 0.38
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.01
Faysal Bank / Jun 9 Faysal Bank Limited(FABL)	10,414,954 ▲ 1.25
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	9,814,500 ▲ 0.23
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▼ -0.04
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.02
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.12
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.01
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.15

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 9	286.95
USD PKR Interbank Buying / Jun 9	286.80
USD to Japanese Yen / Jun 9	139.36
USD to Swiss Franc / Jun 9	0.90
Pound Sterling to USD / Jun 9	1.25
Euro to USD / Jun 9	1.08
UK LIBOR % / Jun 8	5.07

Stock	Volume
S&P 500 / Jun 8	4293.93
Nasdaq / Jun 8	13238.52
Dow Jones / Jun 8	33833.61
India Sensex / Jun 9	62625.63
Tokyo Nikkei / Jun 9	32198.70
Hang Seng / Jun 9	19359.13
FTSE 100 / Jun 9	7602.26
Germany DAX 30 / Jun 9	15981.08
France CAC40 / Jun 9	7223.38

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 8	20235
Gold 10 Grams PKR / Jun 8	194616
Crude Oil USD/Barrel / Jun 9	70.85
Gold Spot USD/Ounce / Jun 9	1963.16
Cotton US¢/pound / Jun 9	81.53

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