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Copper Gains in London as Stockpiles Decline on China Buying: LME Preview
Aug 17,2011 17:26CST
industry news
Source:SMM
Copper advanced as Chinese buying continued to draw down Asian inventories in warehouses monitored by the London Metal Exchange.

Aug. 17 (Bloomberg) –Copper advanced as Chinese buying continued to draw down Asian inventories in warehouses monitored by the London Metal Exchange.

Market News:

Metals News:

Metal Prices:
-- Copper rose $45.50, or 0.5 percent, to $8,875.50 a metric ton
by 8 a.m. on the London Metal Exchange. Relative Strength
Index 38.9.
-- Aluminum advanced 0.3 percent to $2,382 a ton. RSI 33.1.
-- Zinc jumped 1 percent to $2,204 a ton. RSI 40.3.
-- Lead rose 1 percent to $2,380 a ton. RSI 40.4.
-- Nickel advanced 0.3 percent to $21,756 a ton. RSI 39.2.
-- Tin declined 0.2 percent to $24,100 a ton. RSI 38.4.


Other markets:      Last           % Change   % YTD
U.S. Dollar Index   74.001           0.0       -6.4
Crude oil           $87.39           0.9       -4.4
Gold                $1,788.80        0.2       25.9
MSCI World Index    1,196.66         0.0       -6.5


Economic events:
                                      Forecast  Prior     Time
                                                        (London)
U.S. MBA  Mortgage Applications AUG 12     --     21.7%   12:00
U.S. Producer Price Index                 0.1%    -0.4%   13:30
 

copper;LME preview

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