Research on the Supply Chain of Aluminum Anti-collision Beams for Automobiles

Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

Aluminum Wire Supplier Screening 

Cost Analysis of AL Extrusion for Target Units

Cost Analysis Of AL Extrusion For Target Units

Research on the Sustainable Development Layout of key Players(Foil, Roll, Plate)

Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

Optimization of Purchasing Cost for Casting Alloys

Optimization Of Purchasing Cost For Casting Alloys

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Copper Drops for Second Day in London as Gains Seen Overdone 

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SMM Morning Review - 2010/2/23 Aluminum Market

SHANGHAI, Feb. 23 -- Copper dropped for a second day in London, extending its decline from a four-week high, as investors viewed recent gains excessive amid rising stockpiles.
Copper for three-month delivery on the London Metal Exchange fell as much as 1.1 percent to $7,249 a metric ton and traded at $7,258 at 9:55 a.m. in Shanghai. The May-delivery contract on the Shanghai Futures Exchange decreased as much as 1.1 percent to 58,380 yuan ($8,551) a ton, and last traded at 58,480 yuan.
Global inventories of the metal monitored by exchanges in London, New York and Shanghai have climbed 4 percent this month to 766,752 tons yesterday, near their highest since 2004. Copper, used in homes and power grids, has climbed 7.2 percent in London in the same period.
&quot;There is profit-taking pressure as copper seems to have gone up too fast,&quot; Li Jingyuan, an investment manager at Haitong Futures Co., said from Shanghai today. Profit-taking refers to the sale of contracts by investors wanting to cash in on rising prices.
Copper also dropped as a stronger dollar reduced the investment appeal of raw materials. The dollar climbed 0.1 percent to 80.544 on an index against six major currencies. The index reached 81.342 on Feb. 19, the highest level since June.
Aluminum in London was 0.4 percent up at $2,159 a ton, zinc fell 1.2 percent to $2,265, lead lost 0.4 percent to $2,316 a ton. Nickel and tin were yet to trade.
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Aluminum Spot Inventories in China on February 22nd 

Copper Drops for Second Day in London as Gains Seen Overdone  | Shanghai Non ferrous Metals

Copper Drops for Second Day in London as Gains Seen Overdone

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2nd Li-ion Battery Europe 2024

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