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Commodity News

Stay current with what's driving commodity prices with Connexion commodity watch and headline news. 1 Week Copper Prices - Copper Price Chart
For a complete array of live commodity charts, please visit our Commodities Watch page
Commodity News Blog 
Tuesday, 31 January 2012
Aluminum pound  $1.0086  $0.9907  1.77%  $1.0126   (0.40%)
LME
Copper pound  $3.8816  $3.7551  3.25%  $3.8886   (0.18%)
LME
Nickel pound  $9.7908  $9.2873  5.58%  $9.0197   8.55%
LME
Tin pound  $11.0677  $9.9337  11.38%  $9.9609  11.11%
LME
Zinc pound  $0.9748  $0.9099  9.84%  $0.8754  13.78%
LME
             
 
Crude Oil barrel  $99.60  $98.97 0.68%  $93.17  6.90%
DOE
Diesel gallon  $3.864  $3.869 (0.13%)  $3.869  (0.13%)
AAA
Gasoline (unleaded) gallon+  $3.406  $3.386 0.58%  $3.449   (1.25%)
AAA
Natural Gas mbtu  $2.68  $2.36 8.91%  $3.59   (25.35%)
DOE
       
Gold ounce  $1,737.30  $1,667.00  4.03%  $1,743.50   (0.36%)
Kitco
Silver ounce  $33.99  $32.20  5.07%  $35.29   (3.68%)
Kitco
    
US Dollar one euro =  $1.3227  $1.2636  4.18%  $1.4155  (6.56%)
Kitco
  100 yen =  $1.3040  $1.2992  0.36%  $1.3189  (1.13%)
Kitco
  US $index =   80.14   78.80  (1.79%)   75.05  5.00%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/20/12 price. *** Change from 10/28/11 using most recent price.

Connexion Connexion AT 04:36 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, 24 January 2012
Aluminum pound  $0.9907  $0.9557  3.48%  $1.0126   (2.16%)
LME
Copper pound  $3.7551  $3.5974  4.06%  $3.8886   (3.43%)
LME
Nickel pound  $9.2873  $8.8065  5.33%  $9.0197   2.97%
LME
Tin pound  $9.9337  $8.9494  4.80%  $9.9609  (0.27%)
LME
Zinc pound  $0.9099  $0.8788  3.55%  $0.8754  3.94%
LME
             
 
Crude Oil barrel  $98.97  $98.58 0.42%  $93.17  6.23%
DOE
Diesel gallon  $3.869  $3.872 (0.08%)  $3.869  0%
AAA
Gasoline (unleaded) gallon+  $3.386  $3.391 (0.14%)  $3.449   (1.83%)
AAA
Natural Gas mbtu  $2.36  $2.70 (9.47%)  $3.59   (34.26%)
DOE
       
Gold ounce  $1,667.00  $1,639.70  1.57%  $1,743.50   (4.39%)
Kitco
Silver ounce  $32.20  $29.77  7.89%  $35.29   (8.76%)
Kitco
    
US Dollar one euro =  $1.2636  $1.2681  (0.32%)  $1.4155  (10.73%)
Kitco
  100 yen =  $1.2992  $1.3001  (0.07%)  $1.3189  (1.49%)
Kitco
  US $index =   80.14   81.51  (1.83%)   75.05  6.78%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/13/12 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120123_commodity_1

Copper spot-market price charts, from www.kitcometals.com: Above, the 30-day move up; below, the spot price charted over the past year.

120123_commodity_2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp
Oanda = http://www.oanda.com/currency/real-time-rates

Connexion Connexion AT 12:55 pm   |  Permalink   |  0 Comments  |  Email
Saturday, 21 January 2012

Copper Gains on US Outlook, China Easing Hopes
Numerous signs of steady economic recovery in the United States are boosting investors’ confidence to shore up copper this week. Coupled with expectations that China will make loan access easier by easing capital requirements to help bolster the economy, market appetite for the red metal is rising steadily...

Copper dips on China manufacturing data, weak euro
Copper fell on Friday after manufacturing data from China showing a lacklustre start to the year reduced expectations of demand from the world's top consumer of the metal, with a weak euro putting further pressure on prices...

China Copper Imports Surge to Record on Spring Demand Outlook
Refined copper imports by China surged to a record in December, narrowing the second annual decline, as consumers built inventories ahead of a seasonal increase in demand...

A Shanghai warning for the LME
Metals production and consumption are still both rising. The need for price hedging is therefore also rising. What has changed of course is the availability of credit, as Beijing tightens the screws to damp down inflationary pressures and a previously sizzling property sector...

Copper Stockpiles in Shanghai Advance to Nine-Month High
Inventories gained for a seventh consecutive week, rising 11,193 metric tons to 131,645 tons, the highest since April, according to a survey of 10 warehouses in Shanghai, the exchange said on its website. Aluminum inventories also rose...

Copper Rises to 17-Week High on U.S. Manufacturing, Housing Data
Copper futures rose to a 17-week high as reports showing gains in U.S. manufacturing and homebuilder sentiment bolstered prospects for metal demand...

BHP hikes Chile copper resource 700%
Diversified miner BHP Billiton has reported a 700% increase in the mineral resource for its Spence copper project, in northern Chile, following a four-year, $30-million brownfield exploration programme...

Copper Market Rebounds -- Lundin Mining and Freeport McMoRan Poised to Benefit
Copper stocks have been on the upswing this week as the price of the red metal recently hit a new 3 month high. Copper prices have rallied as upbeat Chinese economic data fed hopes that officials in the world's top copper consumer will try to stimulate growth. China said its economy grew by 8.9 percent in the fourth quarter, which was slower than the previous quarter...

Connexion Connexion AT 07:39 am   |  Permalink   |  0 Comments  |  Email
Tuesday, 17 January 2012
Aluminum pound  $0.9557  $0.9199  5.92%  $1.0126   (5.62%)
LME
Copper pound  $3.5974  $3.4133  4.73%  $3.8886   (7.49%)
LME
Nickel pound  $8.8065  $8.5094  3.29%  $9.0197   (2.36%)
LME
Tin pound  $8.9494  $8.9494  5.08%  $9.9609  (5.08%)
LME
Zinc pound  $0.8788  $0.8287  5.72%  $0.8754  0.39%
LME
             
 
Crude Oil barrel  $98.58  $101.36 (2.98%)  $93.17  5.81%
DOE
Diesel gallon  $3.872  $3.850 0.57%  $3.869  0.08%
AAA
Gasoline (unleaded) gallon+  $3.391  $3.366 0.72%  $3.449   (1.68%)
AAA
Natural Gas mbtu  $2.70  $2.91 (5.85%)  $3.59   (24.79%)
DOE
       
Gold ounce  $1,639.70  $1,616.60  1.32%  $1,743.50   (5.95%)
Kitco
Silver ounce  $29.77  $28.75  2.89%  $35.29   (15.64%)
Kitco
    
US Dollar one euro =  $1.2681  $1.2727  (0.32%)  $1.4155  (10.41%)
Kitco
  100 yen =  $1.3001  $1.2990  0.08%  $1.3189  (1.43%)
Kitco
  US $index =   81.51   81.25  0.35%   75.05  8.61%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 1/6/12 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120116_commodity1

Above: Relative one-year performance of Exchange-Traded Funds representing major commodities vs the S&P 500. SLV (black bar) = silver; GLD (gold line) = Gold; blue line = S&P 500. As can be seen, Gold outperformed both of the others. Below: Representative stocks in the Gold/Copper area vs. the S&P 500. Again the blue line = S&P 500; the black bars = Freeport McMoRan Copper & Gold; the gold line = Taseko Mines. Both charts created at http://barcharts.marketwatch.com.

120116_commodity2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp

Connexion Connexion AT 12:42 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, 10 January 2012
Aluminum pound  $0.9199  $0.8958  2.36%  $1.0126   (9.15%)
LME
Copper pound  $3.42133  $3.4219  (2.21%)  $3.8886   (12.22%)
LME
Nickel pound  $8.5094  $8.2917  2.41%  $9.0197   (5.66%)
LME
Tin pound  $8.9494  $8.5616  3.89%  $9.9609  (10.15%)
LME
Zinc pound  $0.8287  $0.8264  0.26%  $0.8754  (5.33%)
LME
             
 
Crude Oil barrel  $101.36  $99.60  1.89%  $93.17  8.79%
DOE
Diesel gallon  $3.850  $3.823  0.70%  $3.869  (0.49%)
AAA
Gasoline (unleaded) gallon+  $3.366  $3.276 2.61%  $3.449   (2.41%)
AAA
Natural Gas mbtu  $2.91  $2.98  (1.95%)  $3.59   (18.94%)
DOE
       
Gold ounce  $1,616.60  $1,566.40  2.88%  $1,743.50   (7.28%)
Kitco
Silver ounce  $28.75  $27.86  2.52%  $35.29   (16.53%)
Kitco
    
US Dollar one euro =  $1.2727  $1.2963  (1.67%)  $1.4155  (10.09%)
Kitco
  100 yen =  $1.2990  $1.2993  (0.02%)  $1.3189  (1.51%)
Kitco
  US $index =   81.25   80.25  1.33%   75.05  8.26%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 12/30/11 price. *** Change from 10/28/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120110_commodity1

Above: Aluminum's spot-market price decline over the past 12 months. Below: A 30-day reading on a base metals price index. Both available on www.kitcometals.com.

120110_commodity2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp

Connexion Connexion AT 04:49 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, 10 January 2012

Morgan Stanley recently released their forecasts for 18 key commodities. For those following electrical contruction markets, they contend: "Copper tends to underperform during global economic slowdowns but is expected to outperform base metals and Aluminium prices could fall as much as 12% in 2012 from 2011 prices..."

Read the full story 

Connexion Connexion AT 04:41 pm   |  Permalink   |  0 Comments  |  Email
Saturday, 07 January 2012

Copper briefly turns higher after U.S. data
Copper prices briefly reversed losses on Friday following better-than-expected U.S. nonfarm payrolls, but a weak euro kept gains in check...

Copper, nickel up on industrial demand
Copper and nickel prices rose by Rs 2 per kg in the local non-ferrous metal market today on pick-up in industrial demand amid a firming global trend...

Weekly Metals Wrap Up: Copper Swings Between Positive And Negative
Copper remained jostling between positive and negative sentiments throughout the week ending 6 Jan 2012. On the positive side China manufacturing numbers revived faith of investors...

Attempted copper theft at Entergy substation leads to blackout
A would-be copper thief tried to make way with a bundle of the valuable metal from an Entergy substation Friday afternoon but damaged a transformer instead, cutting power for thousands in Uptown and Jefferson for about an hour and burning himself in the process...

Copper Drops as Europe Worries Rattle Markets
BHP Billiton (ASX:BHP) has settled 2012 copper concentrate treatment and refining charges with Chinese copper smelters at $60 a ton and 6.00 cents a pound, up from $56.5 a ton and 5.65 cents a pound in 2011, according to Reuters...

Shanghai Copper Stockpiles Rise to Highest in Almost Four Months
Copper stockpiles (SHFCCOPD) monitored by the Shanghai Futures Exchange climbed this week to the highest level in almost four months, while aluminum holdings were the largest in half a year, data from the bourse showed today...

Connexion AT 12:12 pm   |  Permalink   |  Email
Tuesday, 03 January 2012
Aluminum pound  $0.8958  $0.9076  (1.22%)  $0.9686   (7.52%)
LME
Copper pound  $3.4219  $3.4611  (1.25%)  $3.1248   9.51%
LME
Nickel pound  $8.2917  $8.4436  (1.87%)  $8.1284   2.01%
LME
Tin pound  $8.5616  $8.7113  (1.65%)  $9.0741  (5.65%)
LME
Zinc pound  $0.8264  $0.8396  (1.57%)  $0.8407  (1.70%)
LME
             
 
Crude Oil barrel  $99.60  $99.83  (0.29%)  $80.38  23.91%
DOE
Diesel gallon  $3.823  $3.832  (0.23%)  $3.830  (0.18%)
AAA
Gasoline (unleaded) gallon+  $3.276  $3.224 1.51%  $3.433   (4.57%)
AAA
Natural Gas mbtu  $2.98  $3.08  (2.65%)  $3.77   (20.95%)
DOE
       
Gold ounce  $1,566.40  $1,607.10  (2.50%)  $1,624.80   (3.59%)
Kitco
Silver ounce  $27.86  $29.13  (4.24%)  $29.97   (7.04%)
Kitco
    
US Dollar one euro =  $1.2963  $1.3054  (0.68%)  $1.3393  (3.21%)
Kitco
  100 yen =  $1.2993  $1.2806  1.44%  $1.2976  0.13%
Kitco
  US $index =   80.25   80.00  0.23%   78.78  1.87%
Kitco

Mbtu = 1 million British thermal units. Gasoline price = national average at retail.
One barrel = 42 gallons. *Natural gas prices as reported by U.S. DOE for at Henry Hub.
** Change from 12/23/11 price. *** Change from 9/30/11 using most recent price.

 

 

NOTE: TEDMAG.com provides the above prices for your information only. Do not use the above data to trade commodities. TEDMAG has made every effort to obtain accurate prices from responsible public sources, but these prices may not reflect actual transactions or prices available to you if you seek to trade.

Additional Commodities Information

120103_commodity1

Above: Graph of Copper spot-market prices over the past year, as provided by www.kitcometals.com. Below: The hot and cold futures for the month of December, as postd to www.barchart.com

120103_commodity2


Sources:

AAA = Fuel Gauge report, updated daily – www.fuelgaugereport.com; see also www.aaa.com
DOE Energy Assurance Daily: www.oe.netl.doe.gov/ead.aspx
Kitco = www.kitco.com, www.kitcometals.com
LME = London Metal Exchange = www.metalprices.com; www.metalprices.com/pl.asp

Connexion Connexion AT 05:18 pm   |  Permalink   |  0 Comments  |  Email
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