Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Copper May Fall as Shanghai Stockpiles Swell: LME Preview

Feb. 3 (Bloomberg) -- Copper headed for the first weekly drop in four as stockpiles monitored by the Shanghai Futures Exchange rose to the highest since May 2010, boosting speculation demand in China, the biggest consumer, may be weakening.

Market News:

Metals News:

Metal Prices:

-- Copper was little changed at $8,349.75 a metric ton by 8:49
a.m. on the London Metal Exchange. Relative Strength Index 59.
-- Aluminum gained 0.7 percent to $2,209.25 a ton. RSI 54.
-- Zinc rose 0.2 percent to $2,100 a ton. RSI 59.
-- Lead was little changed at $2,165 a ton. RSI 52.
-- Nickel was little changed at $20,868 a ton. RSI 62.
-- Tin fell 1 percent to $23,900 a ton. RSI 70.


Other Markets:
                     Last           % Change       % YTD
U.S. Dollar Index   78.988            0.0           -1.5
Crude oil           $96.45            0.1           -2.4
Gold                $1,758.83         0.0           12.5
MSCI World Index    1,258.82         -0.1            6.5


Economic events:
                                    Forecast    Prior     Time
                                                        (London)
Euro-zone retail sales MoM      DEC    0.3%    -0.4%       10:00
U.S. change in nonfarm-payrolls JAN    140K     200K       13:30
U.S. unemployment rate          JAN    8.5%     8.5%       13:30
U.S. factory orders             DEC    1.5%     1.8%       15:00






To contact the reporter on this story:
Maria Kolesnikova in London at 
mkolesnikova@bloomberg.net

To contact the editor responsible for this story:
Claudia Carpenter at 
ccarpenter2@bloomberg.net


Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.