Commodities Correspondent
Pratima's Feed
Jul 22, 2015

Copper hits 2-week low as China demand worries mount

LONDON, July 22 (Reuters) – Copper prices hit a two-week low
on Wednesday as worries about demand from top consumer China
mounted and equity market losses around the world reinforced
negative sentiment.

Benchmark copper on the London Metal Exchange
earlier hit a low of $5,352.50 a tonne. The metal, widely used
in power and construction, was trading down at $5,385 a tonne at
1043 GMT from $5,455 at the close on Tuesday.

Jul 16, 2015

LME may have to curb price volatility in line with peers

LONDON, July 16 (Reuters) – The London Metal Exchange may
have to introduce rules to rein in extreme volatility to conform
with other exchanges and regulatory regimes, industry sources

Prices of industrial metals have fallen fast in recent
months on worries about demand growth in top consumer China,
with concerns reinforced last week as China’s stock market woes
pulled copper down to a six-year low of $5,240 a tonne.

Jul 15, 2015

Nickel’s fightback begins but obstacles loom

LONDON, July 15 (Reuters) – Prospects for tighter nickel
supplies may have put a floor under prices but any real recovery
will need Chinese stainless steel mills to step up their orders
and global stockpiles to fall.

Benchmark nickel on the London Metal Exchange fell to
six-year lows of $10,430 a tonne last week on worries about
demand, particularly after a tumble in Chinese equities.

Jul 7, 2015

Chinese equities, Greek crisis push copper to 5-month low

LONDON, July 7 (Reuters) – Copper prices slid to a
five-month low on Tuesday as the dollar gained due to the
potential for financial instability created by the Greek debt
crisis and Chinese equity market losses, which show no signs of

Benchmark copper on the London Metal Exchange
earlier hit $5,475 a tonne, the lowest since Jan. 30. The metal,
used in power and construction, was trading at $5,489 at 0931
GMT from $5,590 at Monday’s close.

Jul 6, 2015

Oil, copper buckle under China demand angst, Greek ‘No’

LONDON, July 6 (Reuters) – Commodity prices tumbled on
Monday after Greece voted against conditions for a bailout
package and top consumer China unleashed emergency measures
aimed at halting the sharp slide in its stock market.

The common denominator was the firmer dollar, which when it
rises makes commodities across the board more expensive for
holders of other currencies.

Jul 3, 2015

Lower dollar, possibility of output cuts support copper

LONDON, July 3 (Reuters) – Copper held firm on Friday,
helped by a lower dollar and expectations that further price
falls could cause production cuts, but a seasonal demand lull is
likely to check gains.

Benchmark copper on the London Metal Exchange traded
at $5,801 a tonne at 0926 GMT from $5,795 at Thursday’s close.

Jul 2, 2015

Copper buoyed by improved growth prospects for China, weaker dollar

LONDON, July 2 (Reuters) – Copper prices rose on Thursday,
buoyed by signs of healthier growth prospects for the metal’s
top consumer China and a sliding dollar after weak U.S. monthly
jobs data.

Three-month copper on the London Metal Exchange
ended up at $5,795 a tonne from $5,775 at the close on

Jul 1, 2015

LME proposes rent caps to tackle long warehouse queues

LONDON, July 1 (Reuters) – The London Metal Exchange is to
address the problem of existing and potential queues at
warehouses with proposals that include rent caps from May 1,
2016, the LME said on Wednesday.

The LME, the world’s oldest and biggest market for
industrial metals which is now owned by Hong Kong Exchanges and
Clearing Ltd, oversees warehouses where companies that
buy metals on its futures market can take delivery of
quality-assured supplies if needed.

Jun 29, 2015

Tin price bulls coming out of hibernation

LONDON (Reuters) – Shrinking tin stocks, dwindling supplies from Myanmar and new Indonesian rules to curb exports are at last creating conditions for bulls who for some time have expected to see higher prices.

But the optimism is tinged with caution as much depends on whether top exporter Indonesia can limit its shipments abroad, something it has failed to do in recent months.

Jun 20, 2015

Falling copper stocks just a shuffling exercise

LONDON (Reuters) – Expectations that falling stocks of copper in exchange-registered warehouses signpost stronger consumption and higher prices are likely to be disappointed, as metal leaving warehouses does not translate into usage.

Material exiting warehouses registered with the London Metal Exchange or the Shanghai Futures Exchange does often augur a potentially tighter market.