Pls refer to Bloomberg news below :
Lead Rises to Record on Refinery Disruption, Inventory Slump
By Brett Foley
Feb. 19 (Bloomberg) -- Lead rose to a record in London after production was
disrupted at a U.K. refinery operated by Swiss miner Xstrata Plc and stockpiles
of the metal declined.
Xstrata maintained ``force majeure'' at its Northfleet plant after ore
supplies from Australia were delayed following a cyclone last month. Force
majeure is a legal clause that allows a company to default on a sales contract
due to circumstances beyond its control.
Inventories monitored by the London Metal Exchange fell by 825 metric tons to
32,475 tons, the lowest since June, 2005, the LME said in a daily report.
``The Xstrata news has had an impact because it's not a very liquid market
and it doesn't take much buying to drive the price,'' Michael Jansen, a
London-based strategist at JPMorgan Securities Ltd. said by telephone.
Lead for delivery in three months on the LME rose $25, or 1.4 percent, to a
record $1,810 a ton as of 12:38 p.m. local time. It has gained 8.7 percent this
year.
Copper was little changed amid signs of improved demand from Chinese buyers
ahead of the week-long Lunar New Year holiday period. Markets in China, the
world's largest consumer of the metal used in pipes and wires, are closed and
will reopen on Feb. 26.
ImLead Rises to Record on Refinery Disruption, Inventory Slump
By Brett Foley
Feb. 19 (Bloomberg) -- Lead rose to a record in London after production was
disrupted at a U.K. refinery operated by Swiss miner Xstrata Plc and stockpiles
of the metal declined.
Xstrata maintained ``force majeure'' at its Northfleet plant after ore
supplies from Australia were delayed following a cyclone last month. Force
majeure is a legal clause that allows a company to default on a sales contract
due to circumstances beyond its control.
Inventories monitored by the London Metal Exchange fell by 825 metric tons to
32,475 tons, the lowest since June, 2005, the LME said in a daily report.
``The Xstrata news has had an impact because it's not a very liquid market
and it doesn't take much buying to drive the price,'' Michael Jansen, a
London-based strategist at JPMorgan Securities Ltd. said by telephone.
Lead for delivery in three months on the LME rose $25, or 1.4 percent, to a
record $1,810 a ton as of 12:38 p.m. local time. It has gained 8.7 percent this
year.
Copper was little changed amid signs of improved demand from Chinese buyers
ahead of the week-long Lunar New Year holiday period. Markets in China, the
world's largest consumer of the metal used in pipes and wires, are closed and
will reopen on Feb. 26.
Imports of copper and copper products jumped 44 percent in January from a
year earlier, customs data showed on Feb. 12. Chinese refined-copper imports in
January were about 132,000 tons, almost double the average monthly imports of
69,000 tons recorded in 2006, Macquarie Bank Ltd. said in a report today.
Copper was unchanged at $5,810 a ton.
Among other LME-traded metals, tin gained $105 to $13,250, close to its
17-year high of $13,300 recorded on Feb. 16. Zinc advanced $30, or 0.9 percent,
to $3,410, nickel fell $25 to $38,875 and aluminum dropped $5 to $2,790.
ports of copper and copper products jumped 44 percent in January from a year
earlier, customs data showed on Feb. 12. Chinese refined-copper imports in
January were about 132,000 tons, almost double the average monthly imports of
69,000 tons recorded in 2006, Macquarie Bank Ltd. said in a report today.
Copper was unchanged at $5,810 a ton.
Among other LME-traded metals, tin gained $105 to $13,250, close to its
17-year high of $13,300 recorded on Feb. 16. Zinc advanced $30, or 0.9 percent,
to $3,410, nickel fell $25 to $38,875 and aluminum dropped $5 to $2,790.
bu ana <[EMAIL PROTECTED]> wrote:
Monday February 19, 12:29 PM LME prices steady in
holiday-thinned dealing Base metals steady in London Metal Exchange trading.
Volumes thinned by Lunar New Year holidays across much of Asia. * Week-long
closure of the Shanghai Futures Exchange and Monday's Presidents Day holiday in
the United States create potential for volatile trade when London opens. * LME
copper unchanged at $5,810/5,840 a tonne at 0400 GMT. Zinc also unchanged from
Friday's close, at $3,380/3,400. * Aluminium up $7 at $2,800/2,807, while
nickel adds $100 at $39,000/39,300 and near last week's record $39,350 high. *
Lead loses $15 at $1,770/1,795, and tin at $13,000/13,200, down $140.
kenghong <[EMAIL PROTECTED]> wrote:
BaseMetals.com - Martin Hayes
Stocks & Spreads - TIN - forward backwardation balloons
Jadi sedia payung sebelum hujan, jual yang sudah untung
sebelum menjadi buntung (bisa menyesal 2 x )
thx
bu ana <[EMAIL PROTECTED]> wrote: Kalau melihat TA saya jadi takut,
saham naik tapi indikator lainnya turun.
Senin mau jualan takut bandar buang barang, udah untung .Kita tidak tau kapan
tertinggi, apalagi indexnya ngak mendukung, saya dengar diradio suruh take
profit.
Saya lihat harga timah 3 M sudah naik ke $ 13300 akhirnya turun ke $ 13100,
ngak
terlalu kuat, untuk 15 M juga turun ke $ 11900,- dari sehari sebelumnya (
$12075)
Thanks
Sasuke Sang <[EMAIL PROTECTED]> wrote:
Tanggal 19 Peb : Senin-senin, setelah Xin Chia lagi
...wah mending cari slamet dulu Popi Ping AN :) jangan
cemas ...kalau gejala buruk check out dulu ahh ..btw
analis telat memberi kabar baik tins dibanding milis
ini :)
Gong Xi Fat Chai Kiong He Kiong Hie untuk semua yg
merayakannya ...Banyak Seneng Banyak Selamat dan
Banyak Rejeki dan Sehat
--- kang kenghong <[EMAIL PROTECTED]> wrote:
> PT Timah says no problems with tin shipments Fri
> Feb 16, 2007 12:18 PM GMT
>
>
> [input] LONDON, Feb 16 (Reuters) - The world's
> biggest integrated tin miner PT Timah Tbk (TINS.JK:
> Quote, Profile , Research) said on Friday there were
> no interruptions to its tin shipments from
> Indonesia. "Tin exports are still ongoing. There
> is no problem with our shipment. We are now working
> to complete requirements to export tin before the
> deadline on February 23," President Director of PT
> Timah Thobrani Alwi told Reuters in Jakarta. The
> statement comes following news reports that PT Timah
> may not be able to export tin for several weeks due
> to an oversight in complying with a new export
> regulations.
> Alwi said the company is working to complete
> documents needed for tin exports such as permits
> from Bangka Belitung governor and the trade ministry
> as well as verification by surveyor PT Sucofindo.
> "But we think we can make it. Besides, we would have
> trouble with customers if we suspend shipments,"
> Alwi said. On February 19 the firm expects to
> receive the result after submitting all the
> necessary documents to the trade ministry,
> London-based manager Agung Soeratno, who is
> responsible for PT Timah customers in Europe, Africa
> and the United States, said. "On Monday we will
> get the result from the ministry, ahead of the
> export date which is February 24," Soeratno said.
> He said many customers were getting worried about
> supply and had called him to express their concerns.
> "We have the licence, everything is in order
> actually. There could be delays on the 24th but all
> necessary documents have already been submitted,
> we're just waiting for confirmation from the
> ministry," Soeratno said. The shipment contains
> around a 1,000 tonnes of tin destined for Europe,
> Asia and America, Soeratno said. (Additional
> reporting by Tahani Karrar and Fitri Wulandari)
>
>
>
> ---------------------------------
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