Copying and distributing are prohibited without permission of the publisher

CLOSE TO CLOSE: Base metal prices up on improved technicals in LME kerb

January 10, 2012 - 17:06 GMT Location: London

KEYWORDS: base metals prices , copper prices , tin prices , aluminium prices , kerb , LME

Base metal prices continued to climb in kerb trading on the London Metal Exchange on Tuesday January 10, as hopes for an uptick grow, at least in the short term.

Tin prices closed at $20,275 per tonne, basis three months, compared with $19,800 per tonne on Monday, with a high for the day of $20,350. “It’s all been performing quite well, and we’ve broken through quite a few technical points now,” a category I trader told Metal Bulletin. “We’ve been expecting a few fireworks today and there seems to be a lot of talk about the reweighting of the funds. Volumes have been a bit higher, which can be attributed to that,” the trader added. Stocks...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Copper

May 24, 2012 03:57 LME ASIAN WRAP Copper prices see small lift from US data
May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 23, 2012 19:51 Trevali buys mill to ease Halfmile start-up
May 23, 2012 17:06 CLOSE TO CLOSE: Base metals prices suffer further under euro uncertainty in LME kerb
May 23, 2012 16:30 PODCAST: A brief introduction to Kazakhstan’s mining industry

Nickel & Tin

May 24, 2012 03:57 LME ASIAN WRAP Copper prices see small lift from US data
May 24, 2012 00:15 PolyMet expects review by 1st qtr.
May 23, 2012 17:06 CLOSE TO CLOSE: Base metals prices suffer further under euro uncertainty in LME kerb
May 23, 2012 14:31 Euro strife drives base metals prices lower in LME officials
May 23, 2012 13:23 Rwanda seeks bidders for tin deposit

Comment & analysis

EXPERT VIEW FROM ERNST & YOUNG: Horror week favours the brave

Seven days is a long time in the investment world, but last week must have felt longer than most.
COMMENT: When super-cycle poster child BHP Billiton trims its plans...

BHP Billiton is one of the poster children for the commodities super-cycle: a mining company whose immense upstream assets in copper and iron ore have fed the industrialisation of China since the early years of the 21st century and enabled it to return $52 billion to shareholders between 2001 and 2011.
LORD COPPER: There is nothing to fear after JP Morgan loss ...

So, here we go again. Another bank, another huge trade gone bad. This one doesn’t even appear to have been a case of rogue trading; a whole desk seems to have been operating with the full knowledge of the management and/or risk committee.