Copper Falls in London as Stockpiles Expand: LME Preview-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Primary lead
  • Customs data
  • Copper
  • Market commentary
  • Inventory data
  • Futures movement
  • price forecast
  • Nickel
  • MMi Iron Ore Port Index
  • Evening comments
  • Secondary lead
  • Zinc concentrate

Copper Falls in London as Stockpiles Expand: LME Preview

Industry News 05:09:48PM Jun 20, 2012 Source:SMM

Jun. 20 (Bloomberg) - Copper declined on speculation that stockpiles in Shanghai may snap 10 weeks of losses and as inventories in London Metal Exchange warehouses advanced to the highest level in almost two months.

Market News:

Metals News:

Metal Prices:
-- Copper fell 0.5 percent to $7,570 a metric ton by 8:03 a.m.
on the London Metal Exchange. Relative Strength Index 47.
-- Aluminum declined 0.2 percent to $1,923 a ton. RSI 24.
-- Zinc fell 0.2 percent to $1,895 a ton. RSI 47.
-- Lead gained 0.1 percent to $1,914.50 a ton. RSI 43.
-- Nickel was down 0.2 percent at $17,064 a ton. RSI 52.
-- Tin declined 0.2 percent to $19,500 a ton. RSI 42.

Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   81.402            0.0            1.5
Crude oil           $84.03            0.0          -15.0
Gold                $1,619.03         0.0            3.5
MSCI World Index    1,229.32          0.2            4.0

Economic Events:
                                    Forecast    Prior     Time
                                                        (London)
U.S. MBA Mortgage Applications JUN 15   --       18.0%    12:00
U.S. FOMC Rate Decision                 0.25%    0.25%    17:30

 

Key Words:  LME copper preview  

Price

more
#1 Tin Ingot
May.24
143500.0
-500.0
(-0.35%)
Solder Bar(63A)
May.24
103500.0
0.0
(0.00%)
Solder Bar(60A)
May.24
99500.0
0.0
(0.00%)
LF Solder
May.24
151000.0
0.0
(0.00%)
Tin Powder
May.24
142.5
0.0
(0.00%)

Copper Falls in London as Stockpiles Expand: LME Preview

Industry News 05:09:48PM Jun 20, 2012 Source:SMM

Jun. 20 (Bloomberg) - Copper declined on speculation that stockpiles in Shanghai may snap 10 weeks of losses and as inventories in London Metal Exchange warehouses advanced to the highest level in almost two months.

Market News:

Metals News:

Metal Prices:
-- Copper fell 0.5 percent to $7,570 a metric ton by 8:03 a.m.
on the London Metal Exchange. Relative Strength Index 47.
-- Aluminum declined 0.2 percent to $1,923 a ton. RSI 24.
-- Zinc fell 0.2 percent to $1,895 a ton. RSI 47.
-- Lead gained 0.1 percent to $1,914.50 a ton. RSI 43.
-- Nickel was down 0.2 percent at $17,064 a ton. RSI 52.
-- Tin declined 0.2 percent to $19,500 a ton. RSI 42.

Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   81.402            0.0            1.5
Crude oil           $84.03            0.0          -15.0
Gold                $1,619.03         0.0            3.5
MSCI World Index    1,229.32          0.2            4.0

Economic Events:
                                    Forecast    Prior     Time
                                                        (London)
U.S. MBA Mortgage Applications JUN 15   --       18.0%    12:00
U.S. FOMC Rate Decision                 0.25%    0.25%    17:30

 

Key Words:  LME copper preview