Copper May Rise in London on Prospects for Japan Rebuilding: LME Preview-Shanghai Metals Market

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Copper May Rise in London on Prospects for Japan Rebuilding: LME Preview

Industry News 04:46:39PM Mar 17, 2011 Source:SMM

Mar.16 (Bloomberg) --

-- Copper rose $20 to $9,280 a metric ton at 7:32 a.m. on the London Metal Exchange. Relative Strength Index 40.1.
-- Aluminum gained 0.4 percent to $2,468 a ton. RSI 39.3.
-- Zinc climbed 0.1 percent to $2,290 a ton. RSI 38.7.
-- Lead added 0.5 percent to $2,594 a ton. RSI 54.8.
-- Nickel advanced 0.3 percent to $25,015 a ton. RSI 31.6.
-- Tin was unchanged at $28,600 a ton. RSI 32.7.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   76.265          -0.01      -3.5
Crude oil           $98.68          +0.7       +8.0
Gold                $1,396.37       -0.2       -1.7
MSCI World Index    1,261.54        +0.1       -1.4

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
U.S. Consumer Price Index           0.4%         0.4%     12:30
U.S. Industrial Production          0.6%        -0.1%     13:15
U.S. Leading Indicators             0.9%         0.1%     14:00


 


 

Copper May Rise in London on Prospects for Japan Rebuilding: LME Preview

Industry News 04:46:39PM Mar 17, 2011 Source:SMM

Mar.16 (Bloomberg) --

-- Copper rose $20 to $9,280 a metric ton at 7:32 a.m. on the London Metal Exchange. Relative Strength Index 40.1.
-- Aluminum gained 0.4 percent to $2,468 a ton. RSI 39.3.
-- Zinc climbed 0.1 percent to $2,290 a ton. RSI 38.7.
-- Lead added 0.5 percent to $2,594 a ton. RSI 54.8.
-- Nickel advanced 0.3 percent to $25,015 a ton. RSI 31.6.
-- Tin was unchanged at $28,600 a ton. RSI 32.7.

Other markets:      Last           % Change   % YTD
U.S. Dollar Index   76.265          -0.01      -3.5
Crude oil           $98.68          +0.7       +8.0
Gold                $1,396.37       -0.2       -1.7
MSCI World Index    1,261.54        +0.1       -1.4

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
U.S. Consumer Price Index           0.4%         0.4%     12:30
U.S. Industrial Production          0.6%        -0.1%     13:15
U.S. Leading Indicators             0.9%         0.1%     14:00