Articles Tagged "deliveries"

Copper’s rollercoaster ride

Copper Investing News reports copper prices has been on a roller coaster ride with the global recession. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak US dollar and worries of shrinking Chinese demand. On the New York Mercantile Exchange’s COMEX division, copper’s morning range spanned $2.1070 to $2.1590, the contract’s highest level [...]

Crude oil headed for $71.55 a barrel

Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]

Oil Price Peaks And Slides

Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]

More good times for Copper

Copper Investing News reports copper price has rallied over the last quater and has become the top performer among metals. Copper’s ascent has been fuelled by Chinese purchases depleting available inventories. Refined copper imports by China, the world’s biggest consumer, will also increase this quarter, Wang Chiwei, vice president of Jiangxi Copper Co., China’s largest [...]

Copper’s New Year ascent short-lived

Copper Investing News reports copper futures is on a positive momemtum at the beginning of the year. Copper started the New Year with a bang, but the positive movement was cut short as negative sentiment reigned supreme. Copper briefly moved up this week, on Tuesday, buoyed by investor short-covering and a steadier tone in the [...]

Copper adds some shine..

Copper Investing News reports copper fell more than 2% before turning to positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 moved up 1.85 cents, or 1.24 per cent, [...]

Recession or depression?

Copper Investing News reports copper futures fell to a low dating back in July 2005. London Metal Exchange (LME) warehouse stocks fell to 292,775 tonnes, a drop of 250 tonnes. Inventories are still running about 50 per cent above September at their highest levels since January 2004. Indian copper futures traded steady with a downside bias [...]

Is this the copper rebound we have been waiting for

Copper Investing News reports copper prices jumped 13% on the London Metal Exchange. On Thursday, copper lost some footing, retreating almost 5 per cent in early trading as rising London Metal Exchange stocks halted this week’s short-covering rally. London Metal Exchange copper warehouse stocks increased by 1,750 tonnes to 217,300 tonnes on Wednesday. COMEX copper [...]

Lehman catastrophe fails to shake LME copper

Copper Investing News reports copper prices remained stable despite the catastrophe with Lehman Brothers.  Although Wall Street plunged on Lehman’s demise, this huge development failed to shake LME copper. Copper for delivery in three months advanced US$211, or 3 per cent, to US$7141 a tonne near closing on the Exchange, and is headed for a 3.5 per [...]