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Copper steadies as Chinese producer inflation stokes price curb fears | Hellenic Shipping News Worldwide - Vimarsana News

Copper steadies as Chinese producer inflation stokes price curb fears | Hellenic Shipping News Worldwide

Copper steadies as Chinese producer inflation stokes price curb fears Copper prices steadied on Wednesday as high factory gate prices in China raised concerns of price curbs by the government, countering support from supply worries and a promising demand outlook. Three-month copper on the London Metal Exchange was up 0.04% at $9,967.50 a tonne by 0733 GMT, while the most traded July copper contract on the Shanghai Futures Exchange closed 0.2% higher at 71,510 yuan ($11,186.90) a tonne. Chinese May factory gate prices rose at their fastest annual pace in over 12 years on surging commodity pric...

METALS-Copper rises on global demand recovery, supply worries - Vimarsana News

METALS-Copper rises on global demand recovery, supply worries

(Updates prices) HANOI, June 1 (Reuters) - Copper prices rose on Tuesday, helped by recovering global demand, supply threats from a labour dispute in Chile and a weaker dollar. Three-month copper on the London Metal Exchange was up 0.5% to $10,306 a tonne at 0706 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange was up 0.6% to 74,160 yuan ($11,632.94) a tonne. “Prices have increased on the back of a firm uptick in demand as the world outside of China recovers, increased money supplies and supply issues in both China and Chile,” said commodities broker Anna S...

LME copper hits all-time high on tight supply, demand hopes - Vimarsana News

LME copper hits all-time high on tight supply, demand hopes

Article content HANOI — London copper prices hit a record high on Friday as tight supply outlook and hopes for strong demand amid the global economic recovery and from the new energy sectors boosted sentiment. Three-month copper on the London Metal Exchange was up 1.4% at $10,237 a tonne by 0701 GMT, after rising 1.6% earlier to hit an all-time high of $10,253. The contract has leapt 134% since March last year, when demand was hit by the coronavirus pandemic. We apologize, but this video has failed to load. Try refreshing your browser, or LME copper hits all-time high on tight supply, dema...

METALS-Copper eyes $10,000/T level as U.S. dollar softens - Vimarsana News

METALS-Copper eyes $10,000/T level as U.S. dollar softens

London copper prices were a hair's breadth away from the psychological level of $10,000 on Thursday, as a weaker U.S. dollar made the greenback-priced metal cheaper to holders of other currencies.

Copper Prices Hit $10,000 For First Time In A Decade - Vimarsana News

Copper Prices Hit $10,000 For First Time In A Decade

Channels Television   Updated April 29, 2021 In this file photo taken on October 16, 2018 an Indonesian worker processes copper pipes at a Nakamoto Mfg factory in Oizumi, Gunma prefecture. AFP   The price of a tonne of copper exceeded $10,000 on Thursday for the first time since February 2011 thanks to strong demand in China and the weak dollar. The industrial metal is considered a barometer for the general health of the economy by market analysts, which have dubbed it Dr. Copper. Its price has risen by more than a quarter since the start of the year as the global economy begins to shake of...