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 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
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 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 has plunged by more than 60 percent since a record high of $8,940 a tonne last July. Prices started to fall in the second half of last year as the market priced in a realisation that China may not be able to offset falling demand from the United States, the world’s largest economy. For [...]
Copper prices buckled on Thursday as a massive jump in inventories intensified fears about falling demand particularly from China, the world’s largest consumer of the industrial metal. For full story, click here
Benchmark February copper contract MCCG9 was 0.28 percent up at 162.80 rupees per kg at 10:59 a.m., after hitting an intra-day low of 161.8 rupees earlier. For full story, click here
Copper futures were flat on Thursday tracking overseas leads, but weak fundamentals would continue to weigh on the red metal, analysts said. Harish Galipelli, head of research at Karvy Commodities, said: We expect the red metal to trade sideways with a negative bias on weak fundamantals. For full story, click here
London copper prices were little changed in Asian trade after rallying nearly 6 percent in the previous session, with many markets closed for the Lunar New Year holiday. For full story, click here
Copper price dropped by USD 130 per tonne to USD 3,090 per tonne due to the oversupply problem. For full story, click here
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