Posts Tagged ‘copper’

Copper Continues Its Decline on Poor Chinese Imports

by Christopher Lemieuxon June 9, 2014 7:54 pm BST
Copper fell for the fifth consecutive session, the longest decline in three months, as imports into China fall 16 percent from May to April. The declining imports has brought on worry about current levels of demand. However, this is likely to take place due to China’s probe into its bonded copper warehouses to count inventories […]

China Probes Copper Warehouses; Futures Down Four Consecutive Sessions

by Christopher Lemieuxon June 6, 2014 4:12 am BST
Copper futures are down on the fourth consecutive sessions, as China probes their bonded copper warehouses to determine if companies are still using the industrial metal as collateral in financial transactions. Inventories will be examined on whether or not batches are being counted multiple times. As China began to crack down on the very large […]

Market Movers: Commodities Update 5/27

by Christopher Lemieuxon May 27, 2014 5:45 pm BST
Gold & Silver: Gold has picked up extreme bearish movement since early Tuesday trade. Price action has broken through key support of $1,281.5 per ounce. Down over $25 per ounce, gold is looking to test $1,260. If demand does not pick up near these levels, gold has the momentum to reach $1,245. Silver is down […]

Copper Futures Higher in Early Trade on Inventories, Six-Year Low

by Christopher Lemieuxon May 26, 2014 8:57 am BST
Copper futures start the week higher for the third consecutive day on inventory data complied by metal exchanges in London. Refined-copper inventories declined to 282,645 tons last week, which marks the lowest level since 2008. Copper reserves tracked by the Shanghai Futures Exchange (SHFE) dropped 4.5 percent to 92,652 tons, nearing December 2011 lows. According to […]