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re: new copper price records.. LME prices end steadilyJanuary 9,...

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    09/01/06
    12:26
    Post #: 1308416
    re: new copper price records.. LME prices end steadily
    January 9, 2006

    London Metal Exchange (LME) prices ended steadily on Friday, recouping earlier losses as a weaker dollar spurred renewed buying and short covering, dealers said.

    Three-months futures closed $9 higher at $4,514 a tonne, against a record high of $4,576 on Wednesday.

    Copper was volatile on Friday, trading between $4,425 and $4,520 in thin, edgy trade.

    LME stocks rose 625 tonnes on Friday to 97,675 tonnes - their highest since October 2004 after a July low of 25,525 tonnes - but were still equivalent to just two days of world consumption.

    Silver surged to $9.09/9.12 an ounce from $8.79/8.82 previously.


    Source: 2006 AAP
    AVM Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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