Trends - Copper prices - Business Recorder

Copper prices

Strong factory data pushes copper to new 7-year high

Benchmark copper on the London Metal Exchange (LME) was 1.3% higher at $7,677 a tonne.
Global share markets rose and the US dollar weakened. LME aluminium hit a two-year high of $2,069 a tonne before slipping to $2,061.50, up 0.8%.

Published 02 Dec, 2020 12:48am

Markets

Copper sweeps to highest since March 2013, investors eye pause

Three-month copper on the London Metal Exchange had gained 0.9% to $7,566 a tonne.
Copper does look dangerously overbought. It's the weight of money, the enthusiasm for the green revolution.

Published 01 Dec, 2020 12:51am

Markets

Copper hits 7-1/2-year peak as companies and speculators buy

LME nickel and lead touch one-year highs.
Zinc hits highest since May 2019.
Copper on track to hit $8,000 on technicals –analyst.

Published 28 Nov, 2020 12:39am

Markets

Copper hits near 7-year high on vaccine hopes, fund buying

Three-month copper on the London Metal Exchange was up 1.3% to $7,398 a tonne.
The metal, widely used in power and construction industries, has rallied about 70% since its March lows.

Updated 26 Nov, 2020 10:33pm

Markets

China demand, vaccine optimism propel copper to 7-year peak

Benchmark copper on the London Metal Exchange was up 0.1% at $7,299 a tonne.
The vaccine has given everything a lift, China has announced many new construction projects.

Published 26 Nov, 2020 12:48am

Markets

Vaccines, China demand and dollar drive copper to 30-month peak

Benchmark copper on the London Metal Exchange (LME) rose 1.7% to $7,297 a tonne.
Positive information coming through on vaccines reduces some of the uncertainty created by the virus.

Published 25 Nov, 2020 12:52am

Markets

Copper hits 2-1/2 year high on upbeat China data

Three-month copper on the London Metal Exchange was up 2.1% to $7,128.50 a tonne in official trading.
The strong macro China data is giving copper another ride higher and it reinforces the view that China's demand recovery is holding its shape.

Published 16 Nov, 2020 07:45pm

Markets

Copper prices cling to vaccine hopes

Moderna Inc said on Wednesday it had enough data for a first interim analysis of the late-stage trial of its experimental COVID-19 vaccine,
Three-month copper on the London Metal Exchange (LME) added 0.6% to $6,925 per tonne.

Published 12 Nov, 2020 06:36pm

Markets

Copper pushes towards two-year highs as dollar falls further

Benchmark three-month copper on the London Metal Exchange (LME) was up 1.4% at $6,946.50 a tonne in official trading.
"The copper market looks rather strong from a fundamental point of view," said Julius Baer analyst Carsten Menke.

Published 06 Nov, 2020 07:22pm

Markets

Copper hits lowest in almost 3 weeks on nail-biting US election

Three-month copper on the London Metal Exchange was down 1.3% at $6,726 a tonne.
Copper has rebounded 54% since March, bolstered by a strong recovery from the COVID-19 pandemic in top metals consumer China.

Published 04 Nov, 2020 06:30pm

Markets

China manufacturing data supports copper prices

Benchmark copper on the London Metal Exchange was up 0.2% at $6,729 a tonne.
China dominates copper demand, economic activity is back to normal so more stimulus is unlikely. It would be difficult to justify higher prices.

Published 02 Nov, 2020 05:48pm

Markets

Copper slides as demand concerns resurface

There has been an astounding deterioration in the coronavirus situation pretty much around the world, with the Far East being a notable exception.
"If Trump wins, metals could sell off because things will stay tense with China."

Published 29 Oct, 2020 05:59pm

Markets

Copper plunges as investors brace for coronavirus lockdowns

Stock markets plunged and the dollar strengthened as Germany and France prepared to announce new restrictions.
We're talking about potential new lockdowns in Europe, with cases just galloping. It's really hitting markets in the stomach.

Published 28 Oct, 2020 07:56pm

Markets

Copper ticks higher on bargain hunting, but more losses expected

Volumes were light as investors waited for results from a meeting this week on China's new five-year plan.
I think there is more downside for copper, and the biggest risk for metals right now is a stronger dollar due to uncertainty building on many fronts,

Published 27 Oct, 2020 05:38pm

Markets

Copper falls for third session on profit-taking, COVID worries

Copper tracked a pullback in wider financial markets that were also eyeing the launch of an assembly in China.
Last week copper broke through the $7,000 level for the first time in 28 months during an online LME Week.

Published 26 Oct, 2020 05:29pm

Markets

Copper drifts lower as investors question recent rally

Benchmark copper stormed to $7,000 a tonne on Wednesday, its highest in 28 months and up more than 50% since late March.
Three-month copper on the London Metal Exchange (LME) fell 0.4% to $6,897.50 a tonne in official trading.

Published 23 Oct, 2020 06:25pm

Markets

Lower dollar helps copper head towards 27-month peak

Surging coronavirus infections in Europe a worry.
Concerns about wider disruptions in Chile support copper.

Published 20 Oct, 2020 06:42pm

Markets

Copper extends gains on China demand hopes, supply risks

Three-month copper on the London Metal Exchange was up 0.3pc at $6,769 a tonne by 0703 GMT, extending gains to a third session.

Published 16 Oct, 2020 04:50pm

Markets

Copper eases on worries about rising virus cases and global growth

Global stocks and oil prices also fell as governments across Europe tightened restrictions to battle accelerating virus infections.

Published 15 Oct, 2020 06:13pm

Markets

London copper rises for 5th day on hopes of China demand, US stimulus

China will invest close to $900 billion over the next five years to develop the country's power grids, state media reported.

Published 12 Oct, 2020 04:40pm

Markets

Copper slips as China absent from market

The contract touched its highest since Oct. 1 on Wednesday at $6,710 a tonne on expectations of improving growth and robust demand.

Published 08 Oct, 2020 05:57pm

Markets

Demand optimism boosts copper, end to US stimulus talks weighs

Benchmark copper on the London Metal Exchange was up 0.3pc at $6,548 a tonne at 1015 GMT.

Published 07 Oct, 2020 04:07pm

Business & Finance

Copper dips as global volatility shakes investors' confidence

Three-month copper on the London Metal Exchange declined 0.6pc to $6,512 a tonne by 0726 GMT.

Published 05 Oct, 2020 04:55pm

Markets

Copper hits over one-week high on softer dollar, US stimulus hopes

Three-month copper on the London Metal Exchange was up 0.3pc at $6,692 a tonne by 0652 GMT.

Published 01 Oct, 2020 04:22pm

Markets

Copper dips on economic worries, rising inventories

LME copper stocks surged by nearly 30,000 tonnes to 165,600, data showed on Wednesday, and have more than doubled over the past week.

Published 30 Sep, 2020 03:13pm

Markets

Copper gains capped by long-term prospects, higher stocks

Premium for cash over 3-month copper reverses to a discount.
Eyes on surveys of China's manufacturing sector.

Published 28 Sep, 2020 11:23pm

Markets

Copper set for first weekly loss in seven on dollar strength

Three-month copper on the London Metal Exchange rose 1pc to $6,591.50 a tonne by 0704 GMT.

Published 25 Sep, 2020 04:40pm

Markets

Copper declines on robust US dollar, virus worries

China remained a net importer of aluminium for a second consecutive month, with August imports surging eightfold from a year earlier.

Published 24 Sep, 2020 04:26pm

Markets

Copper edges down as US dollar strengthens

The premium of ShFE cash zinc over LME cash zinc rose to $201.04 a tonne, its highest since January 2019.

Published 23 Sep, 2020 05:13pm

Markets

China demand, historically low stocks boost copper

Copper should remain supported in the mid $6,000s. Much of the risk in the short term comes from non-copper specific factors.
A lower US currency makes dollar-priced metals cheaper for holders of other currencies, which could boost demand.

Published 11 Sep, 2020 05:32pm

Gainers
Losers
Leaders

Stock	Price
The Searle Co. (R) / Dec 2 The Searle Company Limited (R)(SEARLR1)	69.8700 ▲ 9.67 (16.06%)
Shield Corp. / Dec 2 Shield Corporation Limited(SCL)	251.7400 ▲ 34.74 (16.01%)
Popular Islamic Mod. / Dec 2 Popular Islamic Modaraba(PIM)	5.3700 ▲ 1.17 (10.71%)
Power Cement Pref. / Dec 2 Power Cement Preference(POWERPS)	11.4900 ▲ 0.69 (6.39%)
The Organic Meat Co. / Dec 2 The Organic Meat Company Limited(TOMCL)	28.8800 ▲ 1.87 (2.96%)
Thatta Cement / Dec 2 Thatta Cement Company Limited(THCCL)	20.3900 ▲ 2.34 (2.55%)
Saritow Sp. / Dec 2 Saritow Spinning Mills Limited(SSML)	6.4700 ▲ 0.67 (2.39%)
Kohinoor Ind. / Dec 2 Kohinoor Industries Limited(KOIL)	9.2500 ▲ 0.45 (2.27%)
Tri-Pack Films / Dec 2 Tri-Pack Films Limited(TRIPF)	172.4900 ▲ 8.49 (1.52%)
Kohinoor Sp. / Dec 2 Kohinoor Spinning Mills Limited(KOSM)	3.8783 ▲ 0.38 (1.09%)

Stock	Price
First Prud Mod. / Dec 2 First Prudential Modaraba(PMI)	1.2000 ▼ 0.17 (-14.17%)
First Cap. Sec. / Dec 2 First Capital Securities Corporation(FCSC)	1.2900 ▼ 0.19 (-13.95%)
Al-Mali / Dec 2 Modaraba Al-Mali(MODAM)	4.8800 ▼ 0.77 (-12.55%)
ECOPACK / Dec 2 Ecopack Limited(ECOP)	29.4500 ▼ 3.45 (-7.96%)
Saudi Pak Leas. / Dec 2 Saudi Pak Leasing Company Limited(SPLC)	1.8400 ▼ 0.42 (-7.77%)
Ravi Textile / Dec 2 Ravi Textile Mills Limited(RAVT)	8.0900 ▼ 1.79 (-6.76%)
Hira Tex. / Dec 2 Hira Textile Mills Limited(HIRAT)	2.9800 ▼ 0.18 (-6.04%)
Netsol Tech. / Dec 2 NetSol Technologies Limited(NETSOL)	84.2000 ▼ 8.17 (-5.81%)
Askari Gen. / Dec 2 Askari General Insurance Company Limited(AGIC)	25.2500 ▼ 0.00 (-5.74%)
Jahangir Sid. Co. / Dec 2 Jahangir Siddiqui & Co. Ltd.(JSCL)	28.2500 ▼ 2.60 (-5.73%)

Stock	Volume
Hum Network / Dec 2 Hum Network Limited(HUMNL)	66,303,500 ▼ 0.26
Unity Foods / Dec 2 Unity Foods Limited(UNITY)	41,281,500 ▼ 2.13
TRG Pak. / Dec 2 TRG Pakistan Limited(TRG)	23,749,000 ▼ 8.87
Maple Leaf / Dec 2 Maple Leaf Cement Factory Limited(MLCF)	11,927,096 ▼ 2.29
Pakistan Refinery / Dec 2 Pakistan Refinery Limited(PRL)	11,837,000 ▼ 1.34
Pak Int.Bulk Ter / Dec 2 Pakistan International Bulk Terminal Limited(PIBTL)	10,680,000 ▼ 0.67
Fauji Foods / Dec 2 Fauji Foods Limited(FFL)	9,882,500 ▼ 0.92
Pak Elektron / Dec 2 Pak Elektron Limited(PAEL)	9,423,000 ▼ 2.17
Fauji Fert. Bin / Dec 2 Fauji Fertilizer Bin Qasim Limited(FFBL)	9,309,000 ▼ 0.85
Bankislami Pak / Dec 2 BankIslami Pakistan Limited(BIPL)	8,950,500 ▼ 0.32

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Dec 2	159.85
USD PKR Interbank Buying / Dec 2	159.75
USD to Japanese Yen / Dec 2	104.32
USD to Swiss Franc / Dec 2	0.90
Pound Sterling to USD / Dec 2	1.34
Euro to USD / Dec 2	1.21

Stock	Volume
S&P 500 / Dec 2	3662.45
India Sensex / Dec 2	44655.44
Tokyo Nikkei / Dec 2	26787.54
Nasdaq / Dec 2	12355.11
Hang Seng / Dec 2	26567.68
FTSE 100 / Dec 2	6384.73
Dow Jones / Dec 2	29823.92
Germany DAX 30 / Dec 2	13382.20
France CAC40 / Dec 2	5581.64

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Dec 2	20552.40
UK LIBOR % / Dec 2	0.08
GDPGROWTH / Dec 2	1.00
Foreign Debt (PKR billions) / Dec 2	17000.00
Average CPI % / Dec 2	11.11

Copper prices

Strong factory data pushes copper to new 7-year high

Copper sweeps to highest since March 2013, investors eye pause

Copper hits 7-1/2-year peak as companies and speculators buy

Copper hits near 7-year high on vaccine hopes, fund buying

China demand, vaccine optimism propel copper to 7-year peak

Vaccines, China demand and dollar drive copper to 30-month peak

Copper hits 2-1/2 year high on upbeat China data

Copper prices cling to vaccine hopes

Copper pushes towards two-year highs as dollar falls further

Copper hits lowest in almost 3 weeks on nail-biting US election

China manufacturing data supports copper prices

Copper slides as demand concerns resurface

Copper plunges as investors brace for coronavirus lockdowns

Copper ticks higher on bargain hunting, but more losses expected

Copper falls for third session on profit-taking, COVID worries

Copper drifts lower as investors question recent rally

Lower dollar helps copper head towards 27-month peak

Copper extends gains on China demand hopes, supply risks

Copper eases on worries about rising virus cases and global growth

London copper rises for 5th day on hopes of China demand, US stimulus

Copper slips as China absent from market

Demand optimism boosts copper, end to US stimulus talks weighs

Copper dips as global volatility shakes investors' confidence

Copper hits over one-week high on softer dollar, US stimulus hopes

Copper dips on economic worries, rising inventories

Copper gains capped by long-term prospects, higher stocks

Copper set for first weekly loss in seven on dollar strength

Copper declines on robust US dollar, virus worries

Copper edges down as US dollar strengthens

China demand, historically low stocks boost copper

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