Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Copper eases on subdued Chinese demand and inventories jump



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>METALS-Copper eases on subdued Chinese demand and inventories jump</title></head><body>

Updates prices

By Pratima Desai

LONDON, June 24 (Reuters) -Copper eased on Monday, pressured by subdued demand in top consumer China and a significant upturn in deliveries to warehouses approved by the London Metal Exchange (LME) while some support was provided by a softer dollar.

Benchmark copper CMCU3 on the LME was down 0.2% at $9,657 a metric ton at 1609 GMT. It has dropped 13% since hitting its May 20 record high above $11,100 on signs of demand weakness in China and elsewhere.

"Funds are trading base (metals) against the yo-yoing dollar," one metals trader said, adding that a meaningful upturn in copper prices would need signs of much stronger China consumption.

Copper inventories CU-STX-SGH in warehouses monitored by the Shanghai Futures Exchange fell last week, but still stand at 322,910 tons compared with about 30,000 tons in January.

Stocks of copper MCUSTX-TOTAL in LME-approved warehouses, meanwhile, have jumped more than 60% to 167,825 tons since mid-May, with most of the deliveries to Asian warehouses coming from China.

Lack of concern about supplies on the LME market is behind the record discount for cash copper against the three-month contract CMCU0-3, currently around $135 a ton.

Also worrying for industrial metals is growing protectionism, such as the European Union's plans to impose tariffs on electric vehicles made in China.

"Given the importance of exports to China's economy, there are growing concerns around trade barriers and the threat they present to those exports in the future," Marex said in a note.

Elsewhere, nickel CMNI3 fell to $17,100 a ton, its lowest since early April on LME stocks MNISTX-TOTAL that have more than doubled to 90,906 tons since November.

However, Macquarie's Jim Lennon now expects a smaller surplus of 117,000 tons this year for reasons including stronger demand from stainless steel mills.

Nickel was flat at $17,224 a ton.

In other metals, aluminium CMAL3 slipped 0.4% to $2,505 a ton, zinc CMZN3 gained 0.1% to $2,846, lead CMPB3 was down 0.6% at $2,177 and tin CMSN3 advanced 0.2% to $32,740.






Reporting by Pratima Desai
Editing by David Goodman and Tomasz Janowski

 For related news and prices, click on the codes in brackets: LME price overview RING= COMEX copper futures 0#HG: All metals news MTL All commodities news C 
Foreign exchange rates FX=SPEED GUIDES LME/INDEX
</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.