Shanghai copper prices hit their upside limit in the first few minutes of trade on Thursday, excited by London’s gains in the previous session, when investors were enthused by the U.S. Federal Reserve’s comments that the country’s economy was showing signs of levelling out. For full story, click here
Shanghai copper dipped nearly 1 percent on Wednesday, tracking London’s losses in the previous session as weak U.S. consumer confidence data prompted investors to pause from a rally that has lifted prices more than 80 percent this year. For full story, click here
India copper futures have extended gains for a third session on Monday as optimism of an early economic recovery raised hopes of demand revival. For full story, click here
India copper futures have edged lower for a second day on Friday weighed by a strong rupee along with overseas leads, but may recover later in the session on brightening economic outlook. For full story, click here
India’s copper futures traded steady on Wednesday evening after having gained more than 1 percent earlier in the session on the back of a weak dollar and brightening economic outlook. For full story, click here
India copper futures have edged lower on Tuesday on profit-taking after gaining 5 percent in the previous session. Vibhu Ratandhara, an analyst with Bonanza Commodity Services, stated: Traders are booking profit after yesterday’s rally. For full story, click here
Southern Copper ended the last trading session at $20.93. So far the stock has hit a 52-week low of $9.12 and 52-week high of $37.82. Southern Copper stock has been showing support around 20.28 and resistance in the 21.30 range. For full story, click here
The Chilean peso has closed stronger against the dollar Wednesday, tracking the surge in copper prices on the London Metal Exchange. The peso ended the session at CLP564.30 to the dollar, compared with CLP565.20 the previous session, after moving in a CLP563.30 to CLP568.00 range. For full story, click here
Indian copper futures dipped in the evening session on Wednesday as a strong dollar weighed on sentiment. For full story, click here
Southern Copper ended the last trading session at $20.43. So far the stock has hit a 52-week low of $9.12 and 52-week high of $38.87. Southern Copper stock has been showing support around 19.48 and resistance in the 21.10 range. Technical indicators for the stock are Bullish. For full story, click here
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