Aug. 19 (Bloomberg) –Copper may advance in London as buyers in China, the largest consumer, took advantage of recent price declines to rebuild stockpiles amid expectations for a global supply deficit.
Market News:
Metals News:
Metal Prices:
-- Copper rose $10, or 0.1 percent, to $8,780 a metric ton by
7:33 a.m. on the London Metal Exchange. Relative Strength Index
36.5.
-- Aluminum fell 0.1 percent to $2,335 a ton. RSI 29.9.
-- Zinc declined 0.2 percent to $2,173 a ton. RSI 38.2.
-- Lead rose 0.3 percent to $2,308 a ton. RSI 35.4.
-- Nickel was unchanged at $21,300 a ton. RSI 36.6.
-- Tin rose 0.2 percent to $22,800 a ton. RSI 32.2.
Other markets: Last % Change % YTD
U.S. Dollar Index 74.292 0.1 -6.0
Crude oil $80.58 -2.2 -11.8
Gold $1,848.85 1.4 30.1
MSCI World Index 1,142.91 -0.4 -10.7
Economic events:
Forecast Prior Time
(London)
Canada CPI (MoM) JUL 0.2% -0.6% 12:00
Other markets: Last % Change % YTD
U.S. Dollar Index 74.292 0.1 -6.0 Crude oil $80.58 -2.2 -11.8 Gold $1,848.85 1.4 30.1 MSCI World Index 1,142.91 -0.4 -10.7
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