Home > News > Others

Copper seen steady on Ireland hopes, China eyed

Monday, Nov 22, 2010
点击:

SINGAPORE, Nov 22 (Reuters) - Copper is seen to open steady on Monday, supported by a weaker dollar after Ireland sought an international bailout to tackle its debt crisis, but


concerns about China's move to combat inflation weigh.


 * Three-month copper on the London Metal Exchange edged down $21 to close at $8,404 a tonnes on Friday, posting


its biggest weekly decline in three months.


 * When Shanghai copper closed on Friday, LME copper stood at $8,460.


 * China on Friday raised banks' reserves requirement for the second time in two weeks, stepping its battle to pull excess cash out of the economy before inflation has a chance to take off.


* The EU and IMF agreed on Sunday to help bail out Ireland with loans to tackle its banking and budget crisis in a bid to protect Europe's financial stability


* Chile's Codelco plans to offer an annual physical copper premiums for Chinese buyers of between $110 and $115 a tonne in 2011 from $85 in 2010 ahead of negotiations next week, Santiago-based traders with knowledge of the plan said Friday.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......