Base Metals

Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.

Reuters reports that copper rallied to a record high on Monday, after a surprise jump in Chinese imports reinforced prospects for robust global demand and raised hopes of extended restocking by the world’s top consumer.

The market news is quoted as saying:

“It could very well be that the Chinese economy is running hotter than anyone thinks,” said Bart Melek, vice president and director of commodities with TD Bank Financial Group.

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MARKETS

Markets
TSX19062.91+345.79
TSXV647.33+15.54
DOW31500.68+823.32
S&P 5003911.74+116.01
NASD11607.62+375.43
ASX6528.40+19.90

COMMODITIES

Commodities
Gold1834.80+3.79
Silver21.35+0.21
Copper3.79+0.05
Palladium1894.40+17.40
Platinum916.50+5.50
Oil107.65+0.03
Heating Oil4.250.00
Natural Gas6.15-0.07

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