by Stuart Burns on May 10, 2012
Style: Market Analysis
Category: Commodities, Inventory Stock Levels, Investing Hedging, Non-ferrous Metals
Keywords: Aluminum, aluminum prices, base metal premiums, Copper, copper prices, LME, Nickel, Tin
Metals buyers are an assiduous lot, carefully tracking and recording the price movement of those base metals on which the materials and components their firm depends with admirable diligence. Ask a metals buyer for the current copper price and he will often have the number to within a cent per pound off the top of [...]
On May 8, 2012, the cash price of Japanese primary copper fell by 3.8 percent, making it the day’s biggest mover on the copper markets. The price of US copper producer grade 110 inched up 0.7 percent, while the US copper producer grade 122 price finished the market day up 0.7 percent. The price of [...]
The week’s biggest mover on the Copper MMI® was the primary copper cash price, which saw a 2.7 percent decline on the LME to $8,296 per metric ton. This comes on the heels of a 4.1 percent increase the week before. Following a 3.7 percent increase in the week prior, the 3-month price of primary [...]
Japanese Copper Price Up The cash price of Japanese primary copper gained 0.4 percent on May 7, 2012. The price of US copper producer grade 122 dropped by 0.1 percent, after holding steady. The price of US copper producer grade 110 fell 0.1 percent yesterday after two days of no change. The price of US [...]
A drop of 3.4 percent made the US copper producer grade 102 price the biggest mover of the day on copper markets on May 3, 2012. US copper producer grade 110 prices weakened by 0.7 percent. This marked the fifth day in a row of declining prices and the drop-off has accelerated since April 27, [...]
On May 2, 2012, the Japanese primary copper cash price fell by 0.6 percent, making it the day’s biggest mover on copper markets. For the seventh day in a row, the price of US copper producer grade 110 rose; the US copper producer grade 102 price has been on the rise for seven days. After [...]
You would have thought after the Sumitomo Copper Scandal in the 1990s the LME and the UK supervisory authorities would have clamped down on market manipulation, but it would seem on the face of it to be as serious as ever. Over the last few weeks we have written about aluminum and copper, and now [...]
The cash price of Japanese primary copper saw the biggest increase in copper markets on May 1, 2012, rising 1.4 percent. For the seventh day in a row, the prices of US copper producer grades 102 and 110 rose. Chinese copper prices closed flat for the day. The Chinese primary copper cash price held steady yesterday [...]