Copper higher | Business | thenews.com.pk
Sun November 19, 2017
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Business

REUTERS
November 15, 2017

Share

Advertisement

Copper higher

Copper higher

Melbourne :Three-month copper initially traded a few dollars higher before retreating to trade flat at $6,895 a tonne after rising 1.6 percent overnight. The active ShFE copper contract was 1.35 percent firmer.

Chinese nickel futures led gainers in early trading on Tuesday, building on hefty overnight gains in the London market as consumers built positions as a hedge against further price rises. "That was the reason behind the big move in London overnight and we´re seeing follow-through in Asia today," said a Perth-bsed commodities trader, who declined to be named because he is not authorised to speak to media. The most-traded nickel contract on the Shanghai Futures Exchange was up just over 2 percent to 101,520 yuan ($15,292) a tonne by 0100 GMT.

Three-month nickel on the London Metal Exchange, however, eased slightly to $12,475 a tonne after galloping 3 percent higher overnight.

Advertisement

Comments

Advertisement

Topstory

Opinion

Newspost

Editorial

National

World

Sports

Business

Karachi

Lahore

Islamabad

Peshawar

Advertisement