Trends - Copper - Business Recorder

Copper

London copper eases as investors eye next cue

Three-month copper on the London Metal Exchange fell 0.5pc to $6,456 a tonne by 0705 GMT.

Published 04 Aug, 2020 04:01pm

Markets

Copper set for 4th monthly gain as metals rise on weak dollar, strong China data

A weaker greenback makes dollar-denominated metals cheaper for holders of other currencies and can support prices.

Published 31 Jul, 2020 06:06pm

Markets

Copper slips on rising virus cases, economic worries

In Europe, shares fell on dismal earnings reports and data showing Europe's biggest economy Germany had shrunk by a record 10.1pc in the second quarter.

Published 30 Jul, 2020 03:39pm

Markets

London copper advances as investors eye US stimulus package

Positive COVID-19 vaccine developments, with Moderna Inc and Pfizer Inc launching two late-stage vaccines trials that could achieve regulatory approval and widespread use by end-2020.

Published 28 Jul, 2020 05:18pm

Markets

US-China tensions drive copper towards first weekly loss since May

Benchmark copper on the London Metal Exchange (LME) was 2% down at $6,413 a tonne at 1620 GMT on Friday for a weekly decline of about 0.5%.
Copper has rebounded from $4,371 in March as China, the biggest consumer, controlled its coronavirus outbreak.

Published 24 Jul, 2020 11:22pm

Markets

Copper falls as Sino-US tensions rise

The United States' move to shut the Chinese consulate in Houston, Texas on Wednesday prompted Beijing to consider closing the US consulate in the central city of Wuhan.

Published 23 Jul, 2020 05:18pm

Markets

Copper slides on profit-taking, focus on demand outside China

Benchmark copper on the London Metal Exchange was down 0.5pc at $6,500 a tonne at 1026 GMT.

Published 22 Jul, 2020 03:51pm

Markets

Copper edges up on EU stimulus deal, coronavirus vaccine hopes

Gains, however, were capped by a steady rise in virus cases worldwide and lingering uncertainty over the final outcome of the vaccine trials.

Published 21 Jul, 2020 04:20pm

Markets

Copper steady near two-year high, new coronavirus cases weigh

A week ago the metal touched a peak of $6,633 a tonne, the highest since 2018, up from a low of $4,371 in March.
A rebound in the economy of top metals consumer China and supply disruptions, mainly in the world's main producing region South America, has boosted prices.

Published 21 Jul, 2020 12:23am

Markets

Copper slips as Chinese data raises doubts over demand

The metal used in power and construction reached $6,633 on Monday after a spectacular rally from $4,371 in March, when the coronavirus spread worldwide.
The head of the International Monetary Fund said the global economy is "not out of the woods yet".

Published 16 Jul, 2020 05:34pm

Markets

Eighth weekly gain takes copper back to pre-COVID prices

Benchmark copper on the London Metal Exchange (LME) was up 0.4% at $6,324 a tonne.
It was up 5% this week after Thursday's rise to $6,360, the highest since May 2019 and up from a low of $4,371 in March.

Published 10 Jul, 2020 05:26pm

Markets

Copper hits highest in 14-months on China demand, Chile supply cuts

Three-month copper on the London Metal Exchange (LME) rose 1.7% to $6,341 a tonne by 1150 GMT after touching its highest since May 2019 at $6,360.
The fundamental backdrop is improving and clearly copper is reflecting hopes of a V-shaped or U-shaped economic recovery.

Published 09 Jul, 2020 07:05pm

Markets

Copper punches towards January peak, boosted by Chile fears

Copper on the London Metal Exchange has surged more than 40% since touching a 45-month low in March.
Momentum is really quite astonishing right now. Copper is within striking distance of hitting the January high and that is probably acting as a magnet to the market.

Published 08 Jul, 2020 06:26pm

Markets

China demand optimism drives copper to five-month high

Benchmark copper on LME was up 1.7% at $6,118 a tonne at 1432 GMT.

Published 06 Jul, 2020 09:00pm

Markets

Copper rallies as supply risk grows in top miner Chile

"Lockdowns are easing in many economies and that should drive up demand," said WisdomTree analyst Nitesh Shah.
BHP Group said it would ramp down activity at its Cerro Colorado copper mine in Chile. The mine produced 71,700 tonnes of copper in 2019.

Published 02 Jul, 2020 06:37pm

Markets

Copper boosted by supply disruptions and glowing China data

Three-month copper on LME rose to as high as $6,094 a tonne, a level unseen since January 23.

Published 01 Jul, 2020 06:30pm

Markets

Copper struts to best quarter in a decade as China rebounds

Benchmark copper on the London Metal Exchange (LME) was up 1.4% at $6,043.50 a tonne in official trading.
A close above $6,000 could fuel further buying, but supply and demand fundamentals justify a level around $5,500 and prices will eventually fall.

Published 30 Jun, 2020 06:17pm

Markets

China exchange copper stocks drop for 6th straight week to below 100,000 tonnes

Copper stocks fall 9.1% w/w to lowest since Jan 2019.
Tin stocks drop to their lowest since April 2017.

Published 24 Jun, 2020 06:05pm

Markets

Copper gains as Trump, European PMIs bolster demand outlook

Benchmark copper on the London Metal Exchange was up 0.4% at $5,906 a tonne at 1050 GMT, nearing a five-month high of $5,928 reached earlier in June.
Powering that rise is an almost total recovery of demand in top consumer China and increasing supply

Published 23 Jun, 2020 05:53pm

Markets

Copper gains on inventory draw and Chinese demand

Market watching copper inventory draws.
Cash zinc trades at premium to three-month contract.

Published 22 Jun, 2020 04:41pm

Markets

Copper strengthens on China stimulus plans

We have had an almighty rally in copper and we don't have to look further than the monetary stimulus from central banks for a reason.
China's central bank said it would maintain ample financial system liquidity in the second half of the year as the wo

Published 18 Jun, 2020 11:22pm

Markets

Copper up, latest Fed stimulus sparks buying spree

Prices of the metal used to make products widely used in the power and construction industries rose last to $5,928 a tonne, the highest since Jan. 24 and a 35pc increase since the middle of March.

Published 16 Jun, 2020 03:59pm

Markets

LME copper may test support at $5,590 this week

The metal may stabilise around this barrier and then rise towards a falling trendline, as the uptrend from $4,371 may not reverse until it extends to $6,075.

Published 15 Jun, 2020 04:25pm

Markets

London copper flat; set for fourth weekly gain on hopes of stimulus boost

Governments around the world have spent $10 trillion in fiscal actions but significant further efforts are needed, the head of the International Monetary Fund said.

Published 12 Jun, 2020 04:44pm

Markets

LME copper may test resistance at $5,754 this week

The metal is unlikely to overcome it and rise more. Most likely, a decent correction would start around $5,754.

Published 08 Jun, 2020 06:03pm

Markets

London copper set to rise for 3rd week on demand recovery hopes

Three-month copper on the London Metal Exchange was up 1pc at $5,584.50 a tonne as of 0712 GMT and had gained 3.9pc on a weekly basis.
Citi expects the bull run in copper to continue in the coming months, but said risks remained, including a second

Published 05 Jun, 2020 05:08pm

Business & Finance

Copper falls on renewed US-China tensions, stronger dollar

Traders have been worried that deteriorating US-China relations could eventually hurt an existing trade deal between the world's two biggest economies and further dampen the global economy.
The dollar rebounded from its March low, reducing demand fo

Published 04 Jun, 2020 06:01pm

Business & Finance

London copper falls from 2-1/2-month high as demand risk lingers

Three-month copper on the London Metal Exchange snapped a four-session rally and fell 0.3pc to $5,511 a tonne as of 0725 GMT.
The most-traded July copper contract on the Shanghai Futures Exchange closed up 0.6pc to 44,830 yuan ($6,308.84) a tonne,

Published 03 Jun, 2020 06:40pm

Markets

Copper touches 11-week high on China recovery

Sales of vehicles, a key demand driver for metals, in China are estimated to have risen 11.7pc on the year in May, while the Chinese city of Wuhan found no new cases of COVID-19.
Three-month copper on the London Metal Exchange (LME) was up 0.8pc a

Published 02 Jun, 2020 07:57pm

Business & Finance

Shanghai copper hits 3-month high as demand recovers

Three-month copper on the London Metal Exchange (LME) that eased 0.2pc to $5,473.50 a tonne as of 0749 GMT has gained nearly 26pc since the 2020 bottom, hit on March 19.
Another metals trader, however, said all base metals are overpriced in the sho

Published 02 Jun, 2020 05:30pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Petrol/Litre / Apr 30	293.94
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
Gold Spot USD/Ounce / Apr 30	2326.07
Diesel/Litre / Apr 30	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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