Copper Rises in London on Port Disruption in Chile: LME Preview -Shanghai Metals Market

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Copper Rises in London on Port Disruption in Chile: LME Preview

Industry News 04:30:42PM Dec 24, 2010 Source:SMM

Dec. 24 (Bloomberg) -- Copper rose for the first time in three days as an extended port closing in Chile, the world’s largest producer, may curb supplies of the metal.

-- Copper climbed $53, or 0.6 percent, to $9,353 a metric ton by 7:21 a.m. on the London Metal Exchange. Relative Strength Index 67.
-- Aluminum rose 1 percent to $2,456 a ton. RSI 63.
-- Zinc added 0.3 percent to $2,306 a ton. RSI 53.
-- Lead fell 0.4 percent to $2,440 a ton. RSI 55.
-- Nickel climbed 1.5 percent to $23,960 a ton. RSI 52.
-- Tin dropped 0.7 percent to $26,700 a ton. RSI 61.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index    80.417           -0.1       3.3
Crude oil            $91.51            0.0      15
Gold               $1,384.48           0.3      26
MSCI World Index    1,274.57           0.1       9.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

FR Jobseekers                        --        -20.3%      11:00
FR Total Jobseekers                            2676.8      11:00

 

 

 

 


 

Copper Rises in London on Port Disruption in Chile: LME Preview

Industry News 04:30:42PM Dec 24, 2010 Source:SMM

Dec. 24 (Bloomberg) -- Copper rose for the first time in three days as an extended port closing in Chile, the world’s largest producer, may curb supplies of the metal.

-- Copper climbed $53, or 0.6 percent, to $9,353 a metric ton by 7:21 a.m. on the London Metal Exchange. Relative Strength Index 67.
-- Aluminum rose 1 percent to $2,456 a ton. RSI 63.
-- Zinc added 0.3 percent to $2,306 a ton. RSI 53.
-- Lead fell 0.4 percent to $2,440 a ton. RSI 55.
-- Nickel climbed 1.5 percent to $23,960 a ton. RSI 52.
-- Tin dropped 0.7 percent to $26,700 a ton. RSI 61.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index    80.417           -0.1       3.3
Crude oil            $91.51            0.0      15
Gold               $1,384.48           0.3      26
MSCI World Index    1,274.57           0.1       9.1

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

FR Jobseekers                        --        -20.3%      11:00
FR Total Jobseekers                            2676.8      11:00