Nah cocok nih ama omongan pak Eka : Print <javascript:window.print();> | Close this window <javascript: window.close();> UPDATE 5-Demand worries knock down industrial metals Mon Nov 19, 2007 3:46pm EST
(Updates with New York closing copper prices, paragraph 4) By Anna Stablum and Humeyra Pamuk LONDON, Nov 19 (Reuters) - Weaker demand for metals and gathering gloom about the world economy hit industrial metals prices on Monday, cutting lead by almost 9 percent and zinc to a 20-month low. Ongoing worries about a credit crisis weighed on world stock markets, sending major U.S. stocks indexes down more than 1 percent while European shares lost 2 percent. Mining stocks like Rio Tinto (RIO.L: Quote <http://www.reuters.com/stocks/quote?symbol=RIO.L>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=RIO.L>, Research <http://www.reuters.com/stocks/researchReports?symbol=RIO.L>) and BHP Billiton (BLT.L: Quote <http://www.reuters.com/stocks/quote?symbol=BLT.L>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=BLT.L>, Research <http://www.reuters.com/stocks/researchReports?symbol=BLT.L>) fell up to 6 percent. Copper for delivery in three months on the London Metal Exchange (MCU3: Quote <http://www.reuters.com/stocks/quote?symbol=MCU3>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=MCU3>, Research <http://www.reuters.com/stocks/researchReports?symbol=MCU3>) slipped to $6,795 per tonne, its lowest level since August 17 and down $245 from Friday's close. At the COMEX division of the New York Mercantile Exchange, copper for December delivery (HGZ7: Quote <http://www.reuters.com/stocks/quote?symbol=HGZ7>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=HGZ7>, Research <http://www.reuters.com/stocks/researchReports?symbol=HGZ7>) shed 17.80 cents, or 5.6 percent of its value, to settle at $2.9835 a lb, after dealing from a session peak of $3.18 to a low of $2.9760, its weakest level since March 28. Worries about the impact of the credit crisis were heightened when Goldman Sachs cut Citigroup (C.N: Quote <http://www.reuters.com/stocks/quote?symbol=C.N>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=C.N>, Research <http://www.reuters.com/stocks/researchReports?symbol=C.N>) to "sell" and said the bank may have to write off $15 billion over the next two quarters as mortgage losses reduce earnings. [ID:nN19100738]. "People are not too eager to buy with all these macro concerns," analyst Robin Bhar at UBS said. "From a consumption point of view we really seem to be slowing quite rapidly on the back of slowing global growth." Copper lost some 20 percent since the start of October as weak U.S. economic data and lurking problems in credit markets haunted base metals, which have been unable to take advantage of advances in other commodities or a weaker dollar. Demand from China, which many analysts look to to compensate for a possible slowdown in the United States, have not been as robust as expected. "Everybody is expecting China to take up the running from a slowdown in the U.S.," analyst William Adams at BaseMetals.com said, adding that any attempts by the Chinese authorities to curb its overheated economy could be negative for metals demand. Inventory levels have risen in many of the metals over the past few months, indicating the abundance of the material. In copper, stocks in LME warehouses rose another 1,275 tonnes to 180,925 tonnes, equalling more than 3.5 days of global consumption and nearly double the levels seen in mid-July. ZINC AT 20-MONTH LOW Worries about oversupply and tax changes sent zinc prices to their lowest since March 2006. Three-months zinc (MZN3: Quote <http://www.reuters.com/stocks/quote?symbol=MZN3>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=MZN3>, Research <http://www.reuters.com/stocks/researchReports?symbol=MZN3>) fell to $2,310 per tonne, its lowest since March 16, 2006, and closed at $2,355, down $170 or 6.7 percent. China is likely to remove a 5 percent tax rebate on exports of super-high-grade refined zinc from January, while zinc output in the country rose 19 percent in the first nine months in 2007. "Chinese market participants are concerned that a possible 5-10 percent tax on Shanghai exports from January will lead to substantial oversupply in the domestic market," Barclays Capital said in a research note. Lead was the biggest loser among all metals, falling almost 9 percent as funds liquidated long positions, sending the metal as low as $3,025 per tonne. It closed at $3,040/3,050 per tonne, down $275 or 8.3 percent from Friday. "Ivernia's announcement that it is 'confident' of a restart to shipments from the large lead-only Magellan mine in Q1 '08 will have added to the negative sentiment," Barclays said. Ivernia's (IVW.TO: Quote <http://www.reuters.com/stocks/quote?symbol=IVW.TO>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=IVW.TO>, Research <http://www.reuters.com/stocks/researchReports?symbol=IVW.TO>) Magellan lead mine, which accounts for about 3 percent of world output, was shut after exports were halted in March due to bird deaths near the port of Esperance possibly due to lead poisoning. In addition, China's move to curb its overheated economy dampened sentiment. Chinese authorities are putting the brakes on bank lending to try to curb booming investments threatening to overheat one of the world's largest economies. "They are trying to slow down the rapid expansion which could become inflationary and any rein on investments could slow demand for metals," Adams at BaseMetals.com said. Nickel (MNI3: Quote <http://www.reuters.com/stocks/quote?symbol=MNI3>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=MNI3>, Research <http://www.reuters.com/stocks/researchReports?symbol=MNI3>) tumbled to $30,200, down $1,050 from Friday while aluminium (MAL3: Quote <http://www.reuters.com/stocks/quote?symbol=MAL3>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=MAL3>, Research <http://www.reuters.com/stocks/researchReports?symbol=MAL3>) lost $41 to $2,509 and tin (MSN3: Quote <http://www.reuters.com/stocks/quote?symbol=MSN3>, Profile <http://www.reuters.com/stocks/companyProfile?symbol=MSN3>, Research <http://www.reuters.com/stocks/researchReports?symbol=MSN3>) fell $650 to $16,750/16,800. Metal Prices at 2026 GMT Metal Last Change Pct Move End 2006 Ytd Pct move LME Cu 6680.00 -360.00 -5.11 6330.00 5.53 SHFE Cu* 57220.00 -900.00 -1.55 60080.00 -4.76 LME Alum 2508.00 -42.00 -1.65 2805.00 -10.59 SHFE Alu* 18170.00 0.00 +0.00 20550.00 -11.58 COMEX Cu** 298.05 -17.55 -5.56 287.10 3.81 LME Zinc 2350.00 -240.00 -9.27 4230.00 -44.44 SHFE Zinc* 18920.00 -1180.00 -5.87 28915.00 -34.57 LME Nick 29900.00 -1350.00 -4.32 33325.00 -10.28 LME Lead 3035.00 -280.00 -8.45 1670.00 81.74 LME Tin 16750.00 -650.00 -3.74 11510.00 45.53 ** 1st contract month for COMEX copper * 3rd contact month for SHFE AL, CU and ZN SHFE ZN began trading on 26/3/07 (Editing by David Gregorio) (c) Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world. Reuters journalists are subject to the Reuters Editorial Handbook which requires fair presentation and disclosure of relevant interests. On Nov 20, 2007 8:59 AM, Eka Suwandana <[EMAIL PROTECTED]> wrote: > Nickel sudah 13.xx$/lb cost pasti naik utk ANTM! > > Utk INCO biar aman jual dulu cash out sudah wajar > diatas 100rb. Percuma kejar deviden besok turun lagi > sesudah cum! > By the way saya sudah diatas 60% cash, tinggal Medc > dan apex ! > Biar kita tunggu dibawah! Good Luck > > > + + > + + + + + > Mohon saat meREPLY posting, text dari posting lama dihapus > kecuali diperlukan agar CONTEXTnya jelas. > + + + + + > + + > Yahoo! Groups Links > <http://docs.yahoo.com/info/terms/> > >
