With Shanghai copper inventories dropping as much as 2,000 metric tonnes this week as well as expectation for further drops in stockpiles copper futures were up this week for the first week in five. Trading is lackluster today as many people are already out for the holidays, and few want to put on new positions [...]
Worries about the US $700 billion US financial rescue plan has left copper at a one-week low. “Copper prices will continue to fall in the medium-term, there is a slowdown in demand and there are recession risks in the U.S. and in Europe — and this could spill over to China.” Find the complete article here. The [...]
US copper futures continued to drop as investors wait and concerns remain high about the government’s bailout plan. The drop was capped by reductions in inventory from the London Metal Exchange (LME) warehouse. Concerns that political wrangling could delay or weaken the bailout plan to mop up bad mortgage debts from banks’s balance sheets seen [...]
Copper futures dropped almost three percent as investors cashed in on the recent high. Concerns about the US government’s bailout strategy as well as a firm dollar supported selling. Copper’s softer tone attributed to weakness in crude oil prices and a slight rebound in the U.S. dollar – traders. Uncertainty about the U.S. government’s $700 [...]
Thanks to a weaker dollar and after a four day low copper has risen again. There was also an increase of inventories marked for removal from LME registered warehouses, which is is the highest since April. Equity markets also advanced after the world’s largest central banks said they will pump $180 billion into the financial [...]
New Delhi reported a strong US currency and a weak global market found copper prices falling on the domestic futures market. Traders said reports that global demand of copper would decline and firm US dollar put pressure on the copper prices in the futures market here. “Rising inventories, strong US dollar and slowing demand were [...]
With higher stockpiles of copper on the LME India’s copper futures have fallen on the Multi Commodity Exchange of India Ltd. Copper inventories on the London Metal Exchange rose 650 tonnes to 128,550 tonnes on Friday. Prices are likely to remain subdued due to lower demand in China, which consumes about 25 percent of [...]
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