Trends - copper ore - Business Recorder

copper ore

Copper rally to lose steam in H2 as China curbs stimulus

Copper seen averaging $8,800/T in third quarter.
Copper market seen flipping to deficit in 2021.
Aluminium price seen slipping in H2.

Published 29 Apr, 2021 08:28pm

Markets

Copper rally pauses

LONDON: Copper paused near 10-year highs on Wednesday ahead of a policy announcement by the US Federal Reserve, but...

Published 29 Apr, 2021 03:52am

Markets

Copper retreats

LONDON: A rally in copper prices towards 10-year highs paused on Tuesday as rising coronavirus infections pulled...

Published 21 Apr, 2021 03:21am

Markets

Copper market: Funds continuing to cut long exposures

LONDON: Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices...

Published 21 Apr, 2021 03:21am

Markets

Copper heads for biggest weekly gain since February

LONDON: Copper fell on Friday but was still on track for its biggest weekly rise in two months after solid US and...

Published 17 Apr, 2021 03:28am

Markets

Copper climbs to six-week high

LONDON: Copper gained on Thursday as banks raised their bets on consumption of the metal this year and focused on ...

Published 16 Apr, 2021 03:40am

Markets

Copper rises on optimism around global economic recovery

Both copper contracts, however, are set for weekly losses.

Updated 26 Mar, 2021 12:10pm

Markets

Copper falls on Europe coronavirus lockdowns, firmer dollar

Escalating tensions between China and the West, as well as potential US tax hikes also hit sentiment and led to investors buying into safe-haven dollar.

Published 24 Mar, 2021 12:51pm

Markets

Copper falls as dollar firms on higher US yields

"The yields rising indeed brought more demand for the US dollar...(but) the Fed meeting was actually very bullish for value or cyclical assets," said a Singapore-based metal trader.

Published 19 Mar, 2021 11:19am

Markets

Copper climbs

LONDON: Copper climbed on Wednesday on indications of higher demand for the metal, though gains were capped by ...

Published 18 Mar, 2021 03:56am

Markets

Copper prices slip

LONDON: Copper prices slumped on Tuesday as investors shed some of their bullish positions on uncertainty ahead of...

Published 17 Mar, 2021 04:45am

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

Markets

Chile's Codelco copper output jumps in January, Escondida dips

The state-run Chilean Copper Commission (Cochilco) reported that production by Codelco, the world's largest miner of the red metal, rose 19.4% year-on-year to 142,000 tonnes in the month.
Collahuasi - a partnership between Glencore and Anglo American along with Japanese companies - posted a 6.5% year-on-year rise in production to 57,000 tonnes.

Published 02 Mar, 2021 09:41pm

Markets

Copper's rally may be back on as prices steady above $9,000

Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,150 a tonne.
On the Shanghai Futures Exchange (ShFE), speculators' net long reached 57.9% of open contracts on Friday, the most since 2003, before falling to 51.8% on Monday, Marex said.

Published 02 Mar, 2021 06:09pm

Markets

Shanghai copper slips from multi-year highs as bleak China data weighs

ShFE aluminium declined 2% to 17,045 yuan a tonne, nickel slipped 2.4% to 138,680 yuan a tonne, zinc shed 1.4% to 21,360 yuan a tonne, tin dropped 3.2% to 182,340 yuan a tonne while lead lost 2.5% to 15,325 yuan a tonne.

Published 01 Mar, 2021 12:31pm

Markets

Zinc hits over 2-month low on higher inventories, weak Chinese demand

Cash zinc on the LME has been trading at a discount to the three-month contract since June 2020, indicating abundant nearby supplies.

Published 27 Jan, 2021 01:03pm

Business & Finance

China's imports of Australian copper ore plunged to zero

Tense ties see China smelters shun Australian supplies.
Monthly imports at zero for first time since 2004.

Published 20 Jan, 2021 08:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.30
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.25
Euro to USD / Apr 18	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
Nasdaq / Apr 17	15683.37
Dow Jones / Apr 17	37735.31
India Sensex / Apr 18	72965.85
Tokyo Nikkei / Apr 18	38103.03
Hang Seng / Apr 18	16452.30
FTSE 100 / Apr 18	7883.62
Germany DAX 30 / Apr 18	17795.41

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Gold 10 Grams PKR / Apr 17	215964
Petrol/Litre / Apr 18	293.94
Crude Oil USD/Barrel / Apr 18	82.77
Gold Spot USD/Ounce / Apr 18	2374.98
Diesel/Litre / Apr 18	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00