Copper Climbs in London on Growth in U.S. Demand: LME Preview-Shanghai Metals Market

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Copper Climbs in London on Growth in U.S. Demand: LME Preview

Industry News 05:15:10PM Jan 05, 2012 Source:SMM

Jan. 5 (Bloomberg) --Copper climbed in London on signs of growth in the U.S., the second-biggest buyer of the metal.

Market News:

Metals News:

Metals Prices:
-- Copper climbed 1.1 percent to $7,620 a metric ton at 7:54
a.m. on the London Metal Exchange. Relative Strength Index 52.
-- Aluminum rose 0.1 percent to $2,066.75 a ton. RSI 53.
-- Zinc was up less than 0.1 percent at $1,870 a ton. RSI 46.
-- Lead gained 0.2 percent to $2,065 a ton. RSI 54.
-- Nickel fell 0.8 percent to $18,650 a ton. RSI 53.
-- Tin was unchanged at $19,605 a ton. RSI 49.

Other Markets:         Last          % Change   % YTD

U.S. Dollar Index     80.21            0.1       -0.1
Crude Oil           $103.38            0.2        4.6
Gold              $1,624.30            0.8        3.9
MSCI World Index   1,202.28           -0.1        1.7

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

UK PMI Services                       51.5        52.1    09:30
EC Industrial New Orders               2.5%       -7.8%   10:00
US ADP Employment Change              178K        206K    13:15
US Initial Jobless Claims             375K        381K    13:30
US ISM Non-Manf. Composite            53.0         52.0   15:00
 

Key Words:  copper;LME preview  

Copper Climbs in London on Growth in U.S. Demand: LME Preview

Industry News 05:15:10PM Jan 05, 2012 Source:SMM

Jan. 5 (Bloomberg) --Copper climbed in London on signs of growth in the U.S., the second-biggest buyer of the metal.

Market News:

Metals News:

Metals Prices:
-- Copper climbed 1.1 percent to $7,620 a metric ton at 7:54
a.m. on the London Metal Exchange. Relative Strength Index 52.
-- Aluminum rose 0.1 percent to $2,066.75 a ton. RSI 53.
-- Zinc was up less than 0.1 percent at $1,870 a ton. RSI 46.
-- Lead gained 0.2 percent to $2,065 a ton. RSI 54.
-- Nickel fell 0.8 percent to $18,650 a ton. RSI 53.
-- Tin was unchanged at $19,605 a ton. RSI 49.

Other Markets:         Last          % Change   % YTD

U.S. Dollar Index     80.21            0.1       -0.1
Crude Oil           $103.38            0.2        4.6
Gold              $1,624.30            0.8        3.9
MSCI World Index   1,202.28           -0.1        1.7

Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

UK PMI Services                       51.5        52.1    09:30
EC Industrial New Orders               2.5%       -7.8%   10:00
US ADP Employment Change              178K        206K    13:15
US Initial Jobless Claims             375K        381K    13:30
US ISM Non-Manf. Composite            53.0         52.0   15:00
 

Key Words:  copper;LME preview