Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

LME COPPER CASH

SummaryChartsNews 
SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

Copper rises as dollar near six-week lows

04/19/2021 | 10:20pm EDT

HANOI, April 20 (Reuters) - Copper prices rose on Tuesday as a weaker dollar made greenback-priced metals cheaper and more attractive to holders of other currencies.

Three-month copper on the London Metal Exchange rose 0.1% to $9,382 a tonne by 0153 GMT, while the most-traded June copper contract on the Shanghai Futures Exchange advanced 0.7% to 69,200 yuan ($10,636.34) a tonne.

The dollar wallowed near a six-week low against its peers on Tuesday as U.S. bond yields have hovered below a 14-month peak touched last month.

FUNDAMENTALS

* LME aluminium rose 0.3% to $2,336 a tonne, zinc advanced 0.3% to $2,855 a tonne and tin climbed 0.7% to $26,910 a tonne.

* ShFE aluminium increased 0.3% to 18,125 yuan a tonne, nickel dropped 0.8% to 120,980 yuan a tonne, zinc was down 0.6% to 21,755 yuan a tonne, while lead increased 1.3% to 15,255 yuan a tonne.

* The global nickel market surplus expanded to 6,200 tonnes in February from a downwardly revised surplus of 3,500 tonnes in the previous month, data from the International Nickel Study Group showed.

* China's industry ministry said on Monday it would compile records this year on energy consumption by key enterprises in energy-intensive industries such as aluminium in order to help promote conservation and efficiency.

* Russian metals producer Nornickel has improved its 2021 production forecast slightly as one of its mines is resuming work ahead of schedule after flooding.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian shares dropped back in early trading, following an overnight retreat on Wall Street, while the dollar stayed at multi-week lows against other major currencies.

DATA/EVENTS (GMT)

0600 UK Claimant Count Unem Chng March

0600 UK ILO Unemployment Rate Feb

($1 = 6.5060 yuan) (Reporting by Mai Nguyen; Editing by Shounak Dasgupta)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.03% 0.7841 Delayed Quote.1.22%
BRITISH POUND / US DOLLAR (GBP/USD) -0.01% 1.3987 Delayed Quote.1.61%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.12% 0.8243 Delayed Quote.4.73%
EURO / US DOLLAR (EUR/USD) 0.00% 1.2162 Delayed Quote.-1.22%
GOLD 0.90% 1831.12 Delayed Quote.-4.38%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013643 Delayed Quote.-0.75%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.70% 0.72793 Delayed Quote.0.73%
PUBLIC JOINT STOCK COMPANY MINING AND METALLURGICAL COMPANY NORILSK NICKEL 1.86% 36.69 Delayed Quote.17.60%
S&P GSCI GOLD INDEX 0.67% 1066.454 Delayed Quote.-3.34%
SILVER 0.62% 27.4331 Delayed Quote.3.53%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.4158 Delayed Quote.-1.22%
All news about LME COPPER CASH
05/06Rio Tinto Shareholders Vote Against Former CEO Pay
DJ
05/06Rio Tinto Expects Decision on Pandemic-Delayed Winu Project by Year-End
DJ
05/06Gold Fields Backs 2021 Guidance After Largely Flat 1Q Output
DJ
05/05High Metals Prices Could Hamper Green-Energy Transition, IEA Says -- Update
DJ
05/05High Metals Prices Could Hamper Green-Energy Transition, IEA Says
DJ
04/29Nornickel reports sustainable development performance in 2020
DJ
04/29Glencore Backs 2021 Production View; Sees Marketing Earnings at Top Half of R..
DJ
04/29Greatland Gold Says New Drilling Results for Havieron Show Continued Minerali..
DJ
04/29Glencore Posts Mixed 1Q Production Performance -- Commodity Comment
DJ
04/28Materials Nudge Higher As Copper Rally Falters - Materials Roundup
DJ
More news
Chart LME COPPER CASH
Duration : Period :
LME Copper Cash Technical Analysis Chart | MarketScreener
Full-screen chart