Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: US copper futures rally to 3-week high on weak dlr
 
NEW YORK, Nov 16 (Reuters) - U.S. copper futures surged to
a three-week high Monday morning, with a weaker dollar,
supply-side concerns, and an improved global economic outlook
combining to drive prices up close to their yearly highs.
For detailed report on global copper markets, click on
[MET/L]
* Copper for December delivery HGZ9 jumped 8.90 cents, or
3 percent, to $3.0615 a lb by 9:55 a.m. EST (1455 GMT) on the
New York Mercantile Exchange's COMEX division.
* Range from $2.9725 to $3.0625, highest since Oct. 26.
* Copper emerging from prolonged sideways pattern. A
breakout above yearly high at $3.0690 to push prices into the
$3.18 area - Sterling Smith, an analyst for Country Hedging in
St. Paul, Minnesota.
* COMEX estimated futures volume at 17,529 lots by 9 a.m.
* Copper up on the weaker dollar, despite slowdown in New
York state manufacturing activity - Smith. [USD/]
[ID:nN15305681]
* Copper buoyed by faster-than-expected pace of U.S. retail
sales in October and unexpected jump in Japanese economic
growth in the third quarter. [ID:nN16507114] [ID:nT339912]
* Heavy snow in northern China and a big rise in annual
copper premiums for China, the world's largest metals consumer,
provided additional boost to copper prices. [ID:nPEK129447]
* Chile's Codelco, the world's top copper producer, has
raised term premiums for refined copper to China by $10 per
tonne to $85 per tonne for delivery in 2010. [ID:nPEK158133]
* London Metal Exchange warehouse stocks rose by 2,825
tonnes to 406,450 tonnes, their highest since late April.

* COMEX copper warehouses took in 1,321 short tons to total
70,675 short tons as of Friday. CMWSU
* Money managers were net long on 9,117 contracts of copper
futures for the week ended Nov. 9 - data from the Commodity
Futures Trading Commission. [ID:nN13482625]
* LME three-month copper MCU3 at $6,743 a tonne, up $223
from Friday's close.
Source