The iron ore price has hit 1,326 yuan per tonne on the Dalian Commodity Exchange (DCE). Copper is also making all-time highs. Part of the cause is political tensions between Australia and China, driving Chinese steel mills to lock in supply in the event of new trade restrictions. The commodities rally overall has been driven by the boom in energy and infrastructure construction.
Showing posts with label copper. Show all posts
Showing posts with label copper. Show all posts
Monday, 10 May 2021
Friday, 29 June 2012
LME Copper and the Eurozone
How can what happens in the Euro "zone" affect what happens to the copper price? Well, on Friday 29 June 2012, it did just that - with the biggest daily rise posted since April - up 2.2% on the 3 month contract at around half seven AM (GMT) . The traded price was $7,545 per tonne.
Copper trades on the Shanghai (SHFE), LME and COMEX exchanges. (COMEX also offers trading on e-Mini copper futures). In India, copper trades on the NMCE and the MCX.
Copper trades on the Shanghai (SHFE), LME and COMEX exchanges. (COMEX also offers trading on e-Mini copper futures). In India, copper trades on the NMCE and the MCX.
Subscribe to:
Posts (Atom)