Copper Rises in London as China’s Demand May Gain: LME Preview

Sept. 20 (Bloomberg) –Copper rose in London on speculation that demand will remain robust in China, the world’s biggest metal user.

Market News:

Metals News:

Metals Prices:
-- Copper jumped $31.75, or 0.4 percent, to $8,395.75 a metric
ton by 8:12 a.m. on the London Metal Exchange. Relative Strength
Index 31.
-- Aluminum fell 0.2 percent to $2,335 a ton. RSI 39.
-- Zinc was up 0.5 percent at $2,109.75 a ton. RSI 39.
-- Lead climbed 0.6 percent to $2,315 a ton. RSI 40.
-- Nickel was up 0.6 percent at $21,100 a ton. RSI 44.
-- Tin gained 0.4 percent to $22,800 a ton. RSI 38.

Other markets:         Last          % Change    % YTD

U.S. Dollar Index     77.35            0.3     -2.1
Crude Oil            $85.64           -0.1     -6.3
Gold              $1,779.73            0.1     24.7
MSCI World Index   1,154.17           -0.2     -9.8

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)
IT Industrial Orders                  -1.5%        4.1%   09:00
GE Zew Survey                         45.0        53.5    10:00
US Housing Starts                     -2.3%       -1.5%   13:30
US Building Permits                   -1.8%       -3.2%   13:30