Trends - copper rate - Business Recorder

copper rate

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

China’s copper smelting capacity to peak ‘soon’

SHANGHAI: Copper smelting capacity in China will soon reach a peak as part of efforts to meet the country’s ...

Published 14 Apr, 2021 03:21am

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

LME official prices

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

Published 27 Mar, 2021 05:41am

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

First deliveries on China’s bonded copper futures total 6,225 tonnes

SHANGHAI: The first deliveries of metal on the Shanghai International Energy Exchange’s (INE) bonded copper ...

Published 23 Mar, 2021 04:37am

Markets

Funds take the money, run as copper rally stalls

LONDON: Funds have slashed their collective bullish bets on higher copper prices as the sizzling rally shows signs ...

Published 23 Mar, 2021 04:37am

Markets

Copper loses ground

LONDON: Copper prices fell with global stock markets on Friday after a confrontation between Chinese and US ...

Published 20 Mar, 2021 04:39am

Markets

Copper falls as rising inventories spur demand concerns

Three-month copper on the London Metal Exchange fell 0.5% to $9,019.50 a tonne.
A weak physical market in China and concerns about rising US Treasury yields offset a soft US dollar.

Published 18 Mar, 2021 05:20pm

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

London copper edges up on demand view, tight mine supply

Meanwhile, tight copper concentrate supply remained a concern for downstream copper players.

Published 17 Mar, 2021 12:33pm

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 slips on profit taking ahead of Fed meeting

Benchmark copper on the London Metal Exchange dropped 2.1% to $8,956.50 a tonne in official trading.
Copper hit a 9-1/2 year peak last month of $9,617, having surged by 24% since the start of the year.

Updated 16 Mar, 2021 10:03pm

Markets

China’s copper imports likely to rise, may not be bullish signal

LAUNCESTON, (Australia): China’s imports of copper are likely to rebound in March, but the expected increase after...

Published 16 Mar, 2021 04:43am

Markets

China data, supply concerns lift copper prices to near two-week

The most-traded May copper contract on the Shanghai Futures Exchange climbed 1.1% to 67,770 yuan ($10,421.34) a tonne. Earlier in the day, it hit its highest since March 3 at 68,230 yuan.

Published 15 Mar, 2021 12:07pm

Markets

China pollution clampdown fuels copper demand concerns

Three-month copper on the London Metal Exchange was down 0.3% at $9,033 a tonne.
The contract has surged 46% since the beginning of 2020, hitting a 9-1/2-year high of $9,617 a tonne in February.

Published 12 Mar, 2021 07:00pm

Markets

Copper prices slip

LONDON: Copper prices fell on Tuesday after modest economic growth targets from China and indications that it could...

Published 10 Mar, 2021 04:59am

Markets

Global copper smelting edges lower in February due to Chinese holiday

The large decline in Chinese smelter activity was well anticipated due to the holiday period and should recover fairly quickly.
If the improvements seen in most regions continue through March, combined with a resumption in Chinese activity, the next month could be the first time in many months where activity level trends are aligned across all major regions.

Published 03 Mar, 2021 05:57pm

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

Copper surges to fresh 9-1/2 years peak

LONDON: Copper rose to a fresh 9-1/2 years high on Wednesday on a weaker dollar, low inventories and hopes that the...

Published 25 Feb, 2021 04:58am

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 hovers near eight-year high as Chinese holiday starts

The more the price moves up in the very short term the bigger the fall will be in the second half of this year.
Copper inventories in warehouses registered with the LME and Comex exchange are falling.

Updated 11 Feb, 2021 09:28pm

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

China Jan copper, lead and tin output fall from prior month

Cathode production from 22 companies surveyed was 735,500 tonnes last month, up 10% from a year ago.
Daye's maintenance has just ended, a company official said, and most smelters have no maintenance plans for February.

Updated 09 Feb, 2021 11:32pm

Markets

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

Three-month copper on the London Metal Exchange (LME) added 1% to trade at $8,118 per tonne.
Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs.

Published 09 Feb, 2021 05:25pm

Markets

Weakening dollar lifts copper as rally loses momentum

Benchmark copper on the London Metal Exchange (LME) was up 0.5% at $8,015.50 a tonne.
The metal used in power and construction has hovered around $8,000 since slipping from a high of $8,238 on Jan. 8.

Published 26 Jan, 2021 08:54pm

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

Copper prices slide, demand worry dominates mood

Benchmark copper on the London Metal Exchange was down 1.9% at $7,975 a tonne.
There has been a fair amount of profit-taking on long positions," a copper trader said. "The dollar and China's coronavirus cases triggered the sell-off, but copper has come a long way since (early) last year.

Published 11 Jan, 2021 06:02pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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