Copper Gains on Warehouse Withdrawal Orders: LME Preview

Copper gained in London after exchange data showed a jump in orders to remove metal from warehouses and sustained high cash premiums.

Market News:

Metal News:

Metal Prices:


-- Copper gained 0.4 percent to $8,073 a metric ton by 7:25 a.m.
on the London Metal Exchange. Relative Strength Index 43.6.
-- Aluminum added 0.5 percent to $2,070 a ton. RSI 39.3.
-- Zinc rose 0.5 percent to $1,996.50 a ton. RSI 46.8.
-- Lead climbed 0.2 percent to $2,075 a ton. RSI 50.5.
-- Nickel gained 0.6 percent to $17,650 a ton. RSI 42.8.
-- Tin added 0.6 percent to $21,375 a ton. RSI 39.5.

Other markets:         Last          % Change   % YTD

U.S. Dollar Index       79.273          -0.2       -1.1
Crude Oil              $103.01          -0.1        4.2
Gold                 $1,636.05          -0.2        4.6
MSCI World Index      1,264.97           0.1        6.9


Economic Events:
                                    Forecast     Prior     Time
                                                        (London)

U.S. Consumer Confidence APRIL        69.7        70.2    15:00
U.S. New Home Sales MARCH            318,000     313,000  15:00
U.S. New Home Sales MoM               1.6%        -1.6%   15:00

To contact the reporter on this story: John Deane in London at jdeane3@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net

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