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Thread Owner
COPPER
* July copper <HGN8> up 8.35 cents, or 2.2 percent, at
$3.8220 a lb on the COMEX metals division of the New York
Mercantile Exchange.
* Range from $3.7395 to $3.8595.
* Copper buoyed by gains in aluminum and zinc, and across
commodities complex. Gold and oil surges watched.
* No extra buying on back of surprise 8.2 percent gain in
April U.S. housing starts - floor broker.
* Traders cite tightness based on LME cash-three month
backwardation widening out after midweek narrowing.
* COMEX estimated 11:00 a.m. volume at 12,658 lots.
* Shanghai inventories rose 1 percent to 51,507 tonnes.
* LME copper stocks rose 375 tonnes.
* COMEX warehouse copper stocks down 67 short tons at
10,760 short tons on Thursday.
* July copper <HGN8> up 8.35 cents, or 2.2 percent, at
$3.8220 a lb on the COMEX metals division of the New York
Mercantile Exchange.
* Range from $3.7395 to $3.8595.
* Copper buoyed by gains in aluminum and zinc, and across
commodities complex. Gold and oil surges watched.
* No extra buying on back of surprise 8.2 percent gain in
April U.S. housing starts - floor broker.
* Traders cite tightness based on LME cash-three month
backwardation widening out after midweek narrowing.
* COMEX estimated 11:00 a.m. volume at 12,658 lots.
* Shanghai inventories rose 1 percent to 51,507 tonnes.
* LME copper stocks rose 375 tonnes.
* COMEX warehouse copper stocks down 67 short tons at
10,760 short tons on Thursday.
