Commodity Blog

---

Mixed Fundamentals Weaken Copper, Boost Rubber Posted: 04 Jul 2012 12:26 PM PDT Copper fell today, sliding from the highest level in seven weeks, as signs of global economic slowdown damped demand for industrials metals. Earlier this week, some bad fundamental reports came out from the United States and the eurozone. China’s manufacturing also gave reasons to worry as it was contracting. Copper slipped from $3.5300 to $3.5055 per pound as of 19:13 GMT on COMEX today. Yesterday, the metal touched $3.5500 — the highest price since May 14. There were some positive sings, which allowed rubber to gain. US factory orders rose 0.7 percent in May after two consecutive months of decreases. That is compared to the forecast of a 0.1 percent increase. US auto sales of General Motors, Ford Motor and Chrysler Group LLC in June were above anticipate level, fueling hope that demand for rubber would increase. Rubber futures of delivery in December jumped as much as 2.2 percent to 256.6 yen per kilogram ($3,216 per metric ton) on the Tokyo Commodity Exchange, reaching the highest level for a most-active contract since May 31. (...) Read the rest of Mixed Fundamentals Weaken Copper, Boost Rubber (12 words) Posted on Commodity blog.

Commodity Prices — July 4th 2012 Posted: 04 Jul 2012 11:55 AM PDT Latest commodity prices (ICE, NYMEX, CME) as of 18:54 GMT: Oil (Brent) — $99.78 per barrel. Gold — $1,614.20 per troy ounce. Silver — $28.09 per troy ounce. Platinum — $1,475.80 per troy ounce. Copper — $350.55 per 100 pounds. Cocoa — $2,350.00 per metric ton. Soybean — $1,572.25 per 100 bushels. Posted on Commodity blog.

You are subscribed to email updates from Commodity Blog To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610