February copper contract opened the week at Rs 157.05
On MCX, the near month February copper contract opened the week at Rs 157.05 initially moved lower but found good support at Rs 153.15 level. For full story, click here
Articles Tagged "prices"
Poor economic data stifles copper’s gains
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
Copper prices started climbing
Copper prices started climbing as restocking by metal traders, rise in industrial activity supported metal prices. For full story, click here
Shanghai copper fell by 4 percent limit
Shanghai copper fell by 4 percent limit as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
Copper gained 5 percent
Most of the Base metals witnessed slight bounce back from last week’s lows with wide directional divergence seen as individual metals reacted differently to short-term influences as the last full week of 2008 ended on a volatile note. Copper gained 5 percent as the news of immediate financial aid to the US auto industry helped. [...]
Copper futures up on strong global cue
Copper futures surged largely in tandem with global markets after the dollar weakened even as demand worries continued due to deepening global recession. For full story, click here
Prices may get support from economic packages
In the latter half of the year, the prices may tend to get support from the economic packages announced by various Governments and we expect to trade in the range of Rs. 150 / kg to Rs. 250/ kg in Indian markets and $ 3,000 / tonne to $ 5,000/ tonne at LME. For full [...]
Prices will remain Bearish in the first half of 2009
Prices will remain Bearish in the first half of 2009 and will trade in the range of Rs. 120/ kg to Rs. 200/kg in domestic markets and $ 2,500 / tonne to $ 4,400 / tonne at LME. For full story, click here
Copper’s New Year ascent short-lived
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures were able to hold on to their positive momentum until Thursday’s close, when consistent inventory builds and grim economic data suggested that demand will exert more downside pressure. Copper started the New Year with a bang, but the positive movement was cut short [...]
Shanghai copper fell by 4 percent limit
Shanghai copper fell by 4 percent limit as worries about slow demand overcame support from a soft dollar and plans to boost China’s economy. For full story, click here
