March 31, 2011
LME CASH : 9520 (+070)
LME 3 MTHS : 9535 (+079)
INVENTORY : 439,725 (+225)
VOLUME : 2,689,425 (-397200)
Thursday, March 31, 2011
Wednesday, March 30, 2011
LME Copper Daily Summary 30 March 2011
March 30, 2011
LME CASH : 9450 (-095)
LME 3 MTHS : 9456 (-119)
INVENTORY : 439,500 (-400)
VOLUME : 3,086,625 (+858175)
LME CASH : 9450 (-095)
LME 3 MTHS : 9456 (-119)
INVENTORY : 439,500 (-400)
VOLUME : 3,086,625 (+858175)
Saturday, March 26, 2011
LME Copper Daily Summary 26 March 2011
March 26, 2011
LME CASH : 9715 (+019)
LME 3 MTHS : 9731 (+020)
INVENTORY : 439,275 (+4650)
VOLUME : 2,923,075 (-92600)
LME CASH : 9715 (+019)
LME 3 MTHS : 9731 (+020)
INVENTORY : 439,275 (+4650)
VOLUME : 2,923,075 (-92600)
Friday, March 25, 2011
LME Copper Daily Summary 25 March 2011
March 25, 2011
LME CASH : 9696 (-009)
LME 3 MTHS : 9711 (+006)
INVENTORY : 434,625 (+475)
VOLUME : 3,015,675 (+627800)
LME CASH : 9696 (-009)
LME 3 MTHS : 9711 (+006)
INVENTORY : 434,625 (+475)
VOLUME : 3,015,675 (+627800)
Thursday, March 24, 2011
LME Copper Daily Summary 24 March 2011
March 24, 2011
LME CASH : 9704 (+254)
LME 3 MTHS : 9705 (+245)
INVENTORY : 434,150 (-200)
VOLUME : 2,397,875 (-387900)
LME CASH : 9704 (+254)
LME 3 MTHS : 9705 (+245)
INVENTORY : 434,150 (-200)
VOLUME : 2,397,875 (-387900)
Wednesday, March 23, 2011
LME Copper Daily Summary 23 March 2011
March 23, 2011
LME CASH : 9450 (-069)
LME 3 MTHS : 9460 (+065)
INVENTORY : 434,350 (+3850)
VOLUME : 2,775,775 (-169450)
LME CASH : 9450 (-069)
LME 3 MTHS : 9460 (+065)
INVENTORY : 434,350 (+3850)
VOLUME : 2,775,775 (-169450)
Tuesday, March 22, 2011
LME Copper Daily Summary 22 March 2011
March 22, 2011
LME CASH : 9519 (-006)
LME 3 MTHS : 9525 (+000)
INVENTORY : 430,500 (+850)
VOLUME : 2,945,225 (-576675)
LME CASH : 9519 (-006)
LME 3 MTHS : 9525 (+000)
INVENTORY : 430,500 (+850)
VOLUME : 2,945,225 (-576675)
Monday, March 21, 2011
LME Copper Daily Summary 21 March 2011
March 21, 2011
LME CASH : 9525 (+0085)
LME 3 MTHS : 9525 (+070)
INVENTORY : 429,650 (+850)
VOLUME : 3,521,900 (-1131150)
LME CASH : 9525 (+0085)
LME 3 MTHS : 9525 (+070)
INVENTORY : 429,650 (+850)
VOLUME : 3,521,900 (-1131150)
Thursday, March 17, 2011
LME Copper Daily Summary 17 March 2011
March 17, 2011
LME CASH : 9355 (+375)
LME 3 MTHS : 9355 (+364)
INVENTORY : 426,975 (1025)
VOLUME : 5,003,250 (+161100)
LME CASH : 9355 (+375)
LME 3 MTHS : 9355 (+364)
INVENTORY : 426,975 (1025)
VOLUME : 5,003,250 (+161100)
Wednesday, March 16, 2011
LME Copper Daily Summary 16 March 2011
March 16, 2011
LME CASH : 8980 (-226)
LME 3 MTHS : 8991 (-224)
INVENTORY : 425,950 (-50)
VOLUME : 4,842,150 (+272650)
LME CASH : 8980 (-226)
LME 3 MTHS : 8991 (-224)
INVENTORY : 425,950 (-50)
VOLUME : 4,842,150 (+272650)
Tuesday, March 15, 2011
LME Copper Daily Summary 15 March 2011
March 15, 2011
LME CASH : 9206 (+158)
LME 3 MTHS : 9235 (+162)
INVENTORY : 426,000 (+125)
VOLUME : 4,569,500 (-218475)
LME CASH : 9206 (+158)
LME 3 MTHS : 9235 (+162)
INVENTORY : 426,000 (+125)
VOLUME : 4,569,500 (-218475)
(15/03) METALS-Copper falls as Japan warns of high radioactivity levels
March 15, 2011
London copper fell more than
1 percent on Tuesday, after Japan warned of high radioactive
levels following blasts at a quake-stricken nuclear plant,
dampening sentiment across financial markets.
Japan's prime minister, Naoto Kan, said radioactive levels
had become high around the Fukushima nuclear plant after
explosions at two reactors, as a minute level of radiation was
detected in Tokyo.
Japanese stocks plunged 10.6 percent, posting the worst
two-day losing streak since 1987, while Brent crude oil fell 2
percent.
Three-month copper on the London Metal Exchange
reversed early gains to shed 1.4 percent at $9,068.25 a tonne by
0701 GMT.
The volatile market has caused trading volume to spike, with
the exchange's electronic trading platform registering over
8,500 lots, more than double its average volume during Asian
hours.
Shanghai's most active copper futures contract
ended down 1 percent at 68,630 yuan ($10,446), still off the
three-month low of 68,250 yuan hit in the previous session.
London copper fell more than
1 percent on Tuesday, after Japan warned of high radioactive
levels following blasts at a quake-stricken nuclear plant,
dampening sentiment across financial markets.
Japan's prime minister, Naoto Kan, said radioactive levels
had become high around the Fukushima nuclear plant after
explosions at two reactors, as a minute level of radiation was
detected in Tokyo.
Japanese stocks plunged 10.6 percent, posting the worst
two-day losing streak since 1987, while Brent crude oil fell 2
percent.
Three-month copper on the London Metal Exchange
reversed early gains to shed 1.4 percent at $9,068.25 a tonne by
0701 GMT.
The volatile market has caused trading volume to spike, with
the exchange's electronic trading platform registering over
8,500 lots, more than double its average volume during Asian
hours.
Shanghai's most active copper futures contract
ended down 1 percent at 68,630 yuan ($10,446), still off the
three-month low of 68,250 yuan hit in the previous session.
(15/03) Japan earthquake: The impact on prices so far
March 15, 2011
Already some clear trends are emerging. Shortages in certain commodities as Japan seeks to rebuild will mean price spikes for some.
The country supplies up to a fifth of the world's electronics components and has significant motor and steel industries, production of which has been interrupted.
Whether you are a buyer or a seller will determine whether any shortages of goods - and any resulting price changes - are welcome ones.
Metals prices have not moved much in reaction to the situation in Japan. The price of copper and zinc both rose slightly, but short-term demand is expected to be weak from Japan.
That is forecast to change. As Deutsche Bank wrote in a research note: "The disruption to industrial sector activity is likely to have a negative impact on the industrial metals and bulk commodity sectors. However, we expect attention will turn to reconstruction."
Already some clear trends are emerging. Shortages in certain commodities as Japan seeks to rebuild will mean price spikes for some.
The country supplies up to a fifth of the world's electronics components and has significant motor and steel industries, production of which has been interrupted.
Whether you are a buyer or a seller will determine whether any shortages of goods - and any resulting price changes - are welcome ones.
Metals prices have not moved much in reaction to the situation in Japan. The price of copper and zinc both rose slightly, but short-term demand is expected to be weak from Japan.
That is forecast to change. As Deutsche Bank wrote in a research note: "The disruption to industrial sector activity is likely to have a negative impact on the industrial metals and bulk commodity sectors. However, we expect attention will turn to reconstruction."
(15/03) Copper Mining in Zambia
March 15, 2011
Zambia is home to the Zambian Copperbelt Province, a region that hosts world class copper deposits. Zambia is most famous for its reserves of copper
Copper, along with cobalt was first mined from the belt in the 1930s. Copper production in Zambia peaked in the early 70’s- but then declined for 30 consecutive years due to lack of investment, low prices and uncertainty over Copper reserves in Zambia were historically state-run, and with Zambia being one of the world’s most impoverished nations, there was little money to put into exploration. Exploration expenditures were extremely vulnerable to copper’s price fluctuations.
In the early 70’s, the country’s copper output was roughly 700,000 tonnes of copper per year. By 1998, output of copper plummeted to 228,000 tonnes, due to low prices and minimal reinvestment in the mines.
Zambia is home to the Zambian Copperbelt Province, a region that hosts world class copper deposits. Zambia is most famous for its reserves of copper
Copper, along with cobalt was first mined from the belt in the 1930s. Copper production in Zambia peaked in the early 70’s- but then declined for 30 consecutive years due to lack of investment, low prices and uncertainty over Copper reserves in Zambia were historically state-run, and with Zambia being one of the world’s most impoverished nations, there was little money to put into exploration. Exploration expenditures were extremely vulnerable to copper’s price fluctuations.
In the early 70’s, the country’s copper output was roughly 700,000 tonnes of copper per year. By 1998, output of copper plummeted to 228,000 tonnes, due to low prices and minimal reinvestment in the mines.
Saturday, March 12, 2011
LME Copper Daily Summary 12 March 2011
March 22, 2011
LME CASH : 9048 (-148)
LME 3 MTHS : 9073 (-137)
INVENTORY : 425,725 (+400)
VOLUME : 4,787,975 (-79625)
LME CASH : 9048 (-148)
LME 3 MTHS : 9073 (-137)
INVENTORY : 425,725 (+400)
VOLUME : 4,787,975 (-79625)
Thursday, March 10, 2011
LME Copper Daily Summary 10 March 2011
March 10, 2011
LME CASH : 9610 (+190)
LME 3 MTHS : 9629 (+198)
INVENTORY : 425,725 (-775)
VOLUME : 4,286,250 (+897925)
LME CASH : 9610 (+190)
LME 3 MTHS : 9629 (+198)
INVENTORY : 425,725 (-775)
VOLUME : 4,286,250 (+897925)
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