See timely trading data beneath this article

Copper Rises on China Inventory Drop, U.S. Sentiment Data

By Joe Richter - May 17, 2013

Copper futures rose for the second straight day after inventories dropped to a seven-month low in China, the world’s biggest consumer of industrial metal, while U.S. consumer confidence rose to the highest since 2007.

Stockpiles of refined copper monitored by the Shanghai Futures Exchange fell to 190,330 metric tons, the lowest since October, data showed today. The Thomson Reuters/University of Michigan sentiment index rose to 83.7 in May, compared with 76.4 in April and the 77.9 median forecast in a Bloomberg survey of economists. The Standard & Poor’s 500 Index of equities climbed to a record.

“If inventories are going down, that’s a good sign,” Matt Zeman, a strategist at Kingsview Financial in Chicago, said in a telephone interview. “It looks like the market may have bottomed, and some of the enthusiasm from equities is spilling over into copper.”

Copper futures for July delivery climbed 0.9 percent to settle at $3.323 a pound at 1:11 p.m. on the Comex in New York, capping a two-day rally of 1.8 percent. The U.S. is the second-biggest consumer of the metal.

This week, the price declined 0.9 percent, ending a three-week advance. Futures have dropped 9 percent this year.

On the London Metal Exchange, copper for delivery in three months rose 0.3 percent to $7,305 a ton ($3.31 a pound). Zinc, tin and lead gained, while aluminum and nickel dropped.

To contact the reporters on this story: Joe Richter in New York at [email protected];

 

RHWKF  US DAILY CLOSES

Close Prices Last 3 Months Price/volumes not adjusted for restructures
Date Ex Sym Open High Low Close Chg Vol #Tr Bid Ask
2013-05-17 Q RHWKF 0.3348 0.4072 0.3348 0.374 0.0529 326,000 24 0.3497 0.3891
2013-05-16 Q RHWKF 0.31 0.3211 0.31 0.3211 0.0211 17,300 4 0.10 0.727
2013-05-15 Q RHWKF 0.30 0.31 0.30 0.30 -0.017 70,500 10 0.10 0.727
2013-05-14 Q RHWKF 0.31 0.317 0.30 0.317 0.0055 36,000 6 0.10 0.727
2013-05-13 Q RHWKF 0.317 0.317 0.31 0.3115 -0.0048 45,000 5 0.10 0.727
2013-05-10 Q RHWKF 0.31 0.3163 0.30 0.3163 -0.0037 74,300 10 0.2963 0.3313
2013-05-09 Q RHWKF 0.33 0.33 0.32 0.32 -0.01 51,500 12 0.10 0.727
2013-05-08 Q RHWKF 0.34 0.34 0.33 0.33 -0.01 26,980 6 0.10 0.727
2013-05-07 Q RHWKF 0.3928 0.3929 0.34 0.34   136,900 30 0.10 0.727
2013-05-06 Q RHWKF   0.34   0.10 0.727
2013-05-03 Q RHWKF 0.3599 0.3599 0.34 0.34 -0.0175 28,500 7 0.10 0.727
2013-05-02 Q RHWKF 0.34 0.3575 0.34 0.3575 0.0175 15,890 6 0.10 0.727

RDK VOLUME DAILY CLOSES : Bullish trend since Mar 25th ..more green than red Frank. coming out of the tank.  

Close Prices Last 3 Months Price/volumes not adjusted for restructures
Date Ex Sym Open High Low Close Chg Total Vol #Tr Bid Ask   T-TSX   A-Alpha   X-Chi-X   H-CX2   P-Pure   O-Omega   M-TriAct   L-LiquidNet   E-TMX Select
2013-05-17 T RDK 0.345 0.42 0.345 0.40 0.07 240,300 40 0.365 0.395   226,300   6,000                           8,000
2013-05-16 T RDK 0.315 0.33 0.31 0.33 0.02 35,000 4 0.33 0.35   35,000                                
2013-05-15 T RDK 0.30 0.32 0.30 0.31 -0.015 80,900 9 0.31 0.335   70,900   10,000                            
2013-05-14 T RDK 0.31 0.325 0.31 0.325 0.005 19,100 6 0.30 0.325   19,100                                
2013-05-13 T RDK 0.325 0.325 0.31 0.32 0.005 87,000 9 0.31 0.325   87,000                                
2013-05-10 T RDK 0.315 0.32 0.305 0.315 -0.015 77,500 18 0.305 0.33   72,500   4,000                           1,000
2013-05-09 T RDK 0.33 0.33 0.31 0.33   75,300 12 0.31 0.34   75,300                                
2013-05-08 T RDK 0.345 0.345 0.325 0.33 -0.01 27,380 15 0.33 0.34   27,380                                
2013-05-07 T RDK 0.37 0.37 0.32 0.32 -0.02 230,116 45 0.33 0.345   201,700   11,416                           17,000
2013-05-06 T RDK           166 1 0.34 0.36   166                                
2013-05-03 T RDK 0.36 0.36 0.36 0.36 0.02 25,000 6 0.34 0.36   25,000                                
2013-05-02 T RDK 0.335 0.35 0.31 0.34 0.01 148,390 25 0.325 0.355   142,890       2,000                       3,500
2013-05-01 T RDK 0.345 0.345 0.33 0.33 -0.015 66,000 9 0.33 0.35   66,000                                
2013-04-30 T RDK 0.315 0.35 0.315 0.345 0.01 60,000 14 0.34 0.345   55,000                               5,000
2013-04-29 T RDK 0.33 0.335 0.33 0.335 0.025 5,000 3 0.31 0.335   5,000                                
2013-04-26 T RDK 0.335 0.335 0.31 0.31 0.01 23,800 9 0.31 0.335   15,800   4,000                           4,000
2013-04-25 T RDK 0.31 0.31 0.29 0.30 -0.01 126,700 20 0.29 0.33   116,700                               10,000
2013-04-24 T RDK 0.33 0.33 0.29 0.31 -0.02 250,700 26 0.31 0.34   242,200   4,500                           4,000
2013-04-23 T RDK 0.31 0.34 0.31 0.33 0.02 42,200 11 0.30 0.33   42,200                                
2013-04-22 T RDK 0.285 0.32 0.285 0.31 0.02 69,892 21 0.31 0.32   49,892   15,000                           5,000
2013-04-19 T RDK 0.28 0.30 0.28 0.29 0.01 220,200 20 0.29 0.315   205,200   10,000   1,000                       4,000
2013-04-18 T RDK 0.30 0.30 0.28 0.295 -0.02 86,500 6 0.29 0.30   85,000   1,500                            
2013-04-17 T RDK 0.31 0.31 0.30 0.30 0.01 59,000 4 0.29 0.32   59,000                                
2013-04-16 T RDK 0.31 0.31 0.29 0.29 -0.01 173,425 29 0.29 0.33   161,925   11,000   500                        
2013-04-15 T RDK 0.31 0.31 0.28 0.30 -0.045 177,192 38 0.30 0.34   152,692   24,500                            
2013-04-12 T RDK 0.345 0.35 0.33 0.345 0.005 54,395 15 0.33 0.345   54,395                                
2013-04-11 T RDK 0.335 0.34 0.30 0.34 0.005 73,500 16 0.32 0.34   60,500   11,000                           2,000
2013-04-10 T RDK 0.305 0.335 0.30 0.335 0.045 58,000 25 0.31 0.335   54,000   3,500   500                        
2013-04-09 T RDK 0.275 0.35 0.275 0.29 0.015 149,610 65 0.285 0.32   138,650   10,960                            
2013-04-08 T RDK 0.29 0.29 0.275 0.275 -0.02 150,900 22 0.275 0.295   128,400   12,500                   5,000       5,000
2013-04-05 T RDK 0.295 0.30 0.28 0.295 -0.005 115,200 21 0.29 0.30   111,500   3,700                            
2013-04-04 T RDK 0.31 0.31 0.295 0.30 -0.005 92,000 16 0.295 0.31   70,000   22,000                            
2013-04-03 T RDK 0.31 0.315 0.29 0.305   287,000 60 0.295 0.315   268,000   6,000   3,000                       10,000
2013-04-02 T RDK 0.34 0.34 0.30 0.305 -0.035 353,800 60 0.30 0.32   310,300   27,000                   4,500       12,000
2013-04-01 T RDK 0.35 0.35 0.34 0.34 -0.02 17,400 4 0.27 0.34   17,400                                
2013-03-28 T RDK 0.36 0.375 0.355 0.36 -0.015 89,487 17 0.36 0.37   76,987   12,500                            
2013-03-27 T RDK 0.38 0.38 0.36 0.375 -0.005 128,350 20 0.365 0.375   125,350   3,000                            
2013-03-26 T RDK 0.39 0.39 0.38 0.38 -0.03 32,500 15 0.38 0.39   26,500   6,000                            
2013-03-25 T RDK 0.385 0.41 0.385 0.41 0.03 14,000 6 0.38 0.44   10,000   4,000                            
2013-03-22 T RDK 0.405 0.41 0.38 0.38   23,200 6 0.38 0.41   23,200                                
2013-03-21 T RDK 0.395 0.405 0.38 0.38 -0.015 39,050 16 0.38 0.425   35,050   4,000                            
2013-03-20 T RDK 0.405 0.405 0.395 0.395 -0.005 30,000 10 0.395 0.42   23,000   7,000                            
2013-03-19 T RDK 0.42 0.44 0.40 0.40 -0.035 37,930 11 0.40 0.435   37,930                                
2013-03-18 T RDK 0.415 0.435 0.405 0.435 0.025 298,312 37 0.42 0.445   297,312   1,000                            
2013-03-15 T RDK 0.405 0.435 0.40 0.41 -0.005 103,500 17 0.41 0.435   100,000   2,500                           1,000
2013-03-14 T RDK 0.40 0.415 0.38 0.41 0.015 109,500 16 0.40 0.425   104,500   5,000                            
2013-03-13 T RDK 0.41 0.43 0.40 0.40 0.005 59,500 13 0.40 0.42   54,500   5,000                            
2013-03-12 T RDK 0.45 0.45 0.37 0.395 -0.05 266,727 51 0.39 0.41   264,727   2,000                            
2013-03-11 T RDK 0.48 0.48 0.445 0.445 -0.015 55,000 9 0.445 0.45   53,000   2,000                            
2013-03-08 T RDK 0.46 0.47 0.46 0.47 -0.015 13,500 5 0.46 0.48   12,500   1,000                            
2013-03-07 T RDK 0.475 0.475 0.47 0.475   40,100 8 0.46 0.48   35,600   4,500                            
2013-03-06 T RDK 0.455 0.48 0.455 0.475 0.025 100,200 26 0.465 0.48   95,700   2,000   500                       2,000
2013-03-05 T RDK 0.48 0.48 0.45 0.45 -0.02 73,650 17 0.45 0.475   71,650   2,000                            
2013-03-04 T RDK 0.51 0.51 0.47 0.47 -0.04 120,000 18 0.47 0.49   111,500   8,500                            
2013-03-01 T RDK 0.485 0.52 0.485 0.51 0.03 119,300 17 0.485 0.51   119,300                                
2013-02-28 T RDK 0.48 0.49 0.48 0.48 -0.005 79,100 8 0.47 0.485   79,100                                
2013-02-27 T RDK 0.485 0.485 0.485 0.485   117,550 8 0.465 0.50   116,550   1,000                            
2013-02-26 T RDK 0.50 0.50 0.485 0.485   158,300 11 0.465 0.50   158,300                                
2013-02-25 T RDK 0.49 0.51 0.465 0.485 -0.005 279,000 40 0.485 0.50   262,500   13,500                           3,000
2013-02-22 T RDK 0.52 0.52 0.49 0.49 -0.03 25,900 5 0.49 0.50   25,900                                
2013-02-21 T RDK 0.50 0.52 0.485 0.52 0.01 88,000 20 0.52 0.53   75,500   12,500                            
2013-02-20 T RDK 0.53 0.53 0.50 0.51   153,200 17 0.51 0.53   150,200   3,000                            
2013-02-19 T RDK 0.52 0.53 0.50 0.51 0.01 97,050 24 0.51 0.53   89,550   7,500