quarta-feira, 03 de maio, 2017

Covers opera without direction only, amid strike threat in Indonesia

Copper futures operate without direction only this morning, with the contract traded in London reacting to the possibility of a strike in Indonesia and New York returning part of strong gains that aired yesterday in reaction to the same reason. On the London Metal Exchange (LME), which yesterday not operated due to a holiday in the United Kingdom, the contract for three months climbed 0.66%, to $5,773.00 a tonne, around 7:10 (). Already in the Comex metals Division – a market of New York Stock Exchange (Nymex), copper for delivery in June retreated 1.32%, to $ $2.6255 per pound, at 7:53 (), after securing recovery of 2% in the previous session. Reports that Indonesia Grasberg mine workers, owned by Freeport-McMoRan, may go on strike helped boost copper in New York yesterday and underpin the metal traded on the LME on Tuesday. The possible stoppage would come after the Freeport finally close a temporary agreement with the Government of Indonesia to resume exports of the Grasberg mine. On the other hand, recent data showed China''s manufacturing expanded in place weaker pace in months, generating fears of weaker demand for base metals. Other metals traded on the LME were operating without direction only: aluminum fell 0.50%, to $ $1,908.50 a tonne, lead fell back 0.40%, to $ $2,241.00 per tonne and Tin lost 0.38%, to $ $19,875.00 per tonne, while zinc rose 0.76%, to $ $2,646.00 per tonne and nickel surged 0.53%, to $ $9,505.00 per tonne.
Infomet - 03/05/2017 Noticia traduzida automaticamente
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