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Friday Copper June 3rd
Jun COMEX 212.55, up 5.60 ¢ Jul COMEX 212.55, up 5.55 ¢ Aug COMEX 212.90, up 5.50 ¢ LME 3 Month Copper 4,706.00, Cash = 213.90 ¢/lb COMEX Stocks down 374 mt. Total COMEX 54,542 mt LME Stocks up 150 mt. Total LME 153,675 mt Shanghai Stocks down 10,217 mt, Total Shanghai 210,995 mt (03JUN16)…
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June 2
Jun COMEX 206.55, down 70 ptsJul COMEX 206.50, down 80 pts Aug COMEX 206.90, down 85 pts LME 3 Month Copper 4,586.00, Cash = 208.70 ¢/lb COMEX Stocks down 463 mt. Total COMEX 54,916 mt LME Stocks down 825 mt. Total LME 153,525 mt Shanghai Stocks down 36,122 mt, Total Shanghai 221,212 mt (27MAY16) Stocks…
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Copper Tuesday May 31,2016
Spot COMEX 210.45, down 95 ptsJul COMEX 210.45, down 95 pts Aug COMEX 210.95, down 95 pts LME 3 Month Copper 4,667.00, Cash = 213.00 ¢/lb COMEX Stocks down 203 mt. Total COMEX 55,583 mt LME Stocks down 2,025 mt. Total LME 151,725 mt Shanghai Stocks down 36,122 mt, Total Shanghai 221,212 mt (27MAY16) Stocks…
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Wednesday Copper May 18 2016
May COMEX 205.75, down 3.45 ¢Jun COMEX 205.55, down 3.40 ¢ Jul COMEX 205.50, down 3.40 ¢ LME 3 Month Copper 4,578.00, Cash = 208.00 ¢/lb COMEX Stocks down 323 mt. Total COMEX 56,983 mt LME Stocks up 100 mt. Total LME 156,850 mt Shanghai Stocks down 26,958 mt, Total Shanghai 286,210 mt (13MAY16) Stocks…
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Copper Tuesday
Copper steadied on Tuesday alongside the dollar though some analysts expected prices to retreat further as the market fully takes into account prospects for weak demand growth in top consumer China. Benchmark copper on the LME was trading 0.2 percent higher at $4,697 a tonne ($2.13/lb), while Shanghai Futures Exchange copper traded down by…
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Copper & China Down May 4 2016
Copper prices fell on Wednesday due to selling triggered by the stronger dollar. Surveys of manufacturing around the world, and particularly in top consumer China, highlighted poor demand prospects. Benchmark copper on the LME was down 0.6 percent at $4,893 a tonne ($2.22/lb) at 0933 GMT. Shanghai Futures Exchange copper slid 1.1 percent to 37,200…
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Copper Tuesday May 3rd
China’s economy is still quite precarious as speculators grapple with the uncertainty. China’s local governments have embarked on a massive new round of off-balance sheet debt financing, underpinning a fragile upturn in the economy but raising red flags on financial stability. Shanghai Futures Exchange copper traded up 1 percent at 37,510 yuan ($5,794) a…
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Happy Friday! April 29, 2016
Copper gained on Friday due to a weaker dollar and firming oil prices and China is about to announce what many investors hope is strengthening economic news. Copper on the LME climbed 1.9 percent to $5,035.50 a tonne ($2.28/lb) while the most-traded copper contract on the Shanghai Futures Exchange closed almost one percent higher at…
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Copper down 3rd straight Day 4/27/16
Copper dropped a third straight day to the lowest in a week but metals markets were supported by a weaker dollar and strong oil prices. The Fed is to make an announcement at 2:00 pm eastern today and is likely to keep rates steady however a weak limp wrested Fed could weaken the dollar and…
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Copper Tuesday April 26 2016
As of 8:08 am Cowtown USA time!! Apr COMEX 224.10, down 1.75 ¢ May COMEX 223.40, down 1.85 ¢ Jun COMEX 223.70, down 1.70 ¢ LME 3 Month Copper 4,948.00, Cash = 225.00 ¢/lb COMEX Stocks down 12 mt. Total COMEX 60,897 mt LME Stocks up 75 mt. Total LME 152,475 mt Shanghai Stocks down…