MELBOURNE, Sept 24 (Reuters) - London copper eased on Monday as buying was thinned by holidays in China and Japan, a session after it notched up its biggest one-day advance in more than five years on receding trade war concerns.
FUNDAMENTALS
* COPPER: London Metal Exchange slipped by 1 percent to $6,303 a tonne by 0242 GMT, after prices surged by 4.6 percent in the previous session to $6,382.50 a tonne, the highest since July 10.
* HOLIDAYS: The Shanghai Futures Exchange was closed for its mid-Autumn holiday.
* TRADE: The United States is optimistic about finding a way forward in its trade dispute with China, but it does not have a date scheduled for further talks as it assesses Beijing's response to the latest round of tariffs, a senior White House official said on Friday.
* RUSAL: Russian aluminium giant United Company Rusal is assembling a team of traders in China, three sources with knowledge of the matter said, as the spectre of U.S. sanctions hangs over its sales to customers in the West.
* RUSAL: The U.S. Treasury said on Friday it had extended until Nov. 12 a deadline for investors to divest holdings of debt, equity and other assets in sanctioned Russian companies EN+ and Rusal.
* The sanctions on Rusal have tightened the market for aluminium and its major ingredient alumina, outside China. Prices for alumina have surged by more than 50 percent to $640 a tonne in early May and again in early September from around $400 a tonne at the start of the year.
* COPPER INVESTORS: Hedge funds and money managers trimmed their net short position in COMEX copper contracts in the week to Sept. 18, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday.
* OTHER METALS: Prices of nickel, which surged 5 percent on Friday to the strongest in since late August, slipped by 1.4 percent to $13,060. Aluminium eased 1.2 percent to $2,065 having hit its highest in 11 days on Friday.
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MARKETS NEWS
* Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China cancelled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.
PRICES
Three month LME copper
Most active ShFE copper
Three month LME aluminium
Most active ShFE aluminium
Three month LME zinc
Most active ShFE zinc
Three month LME lead
Most active ShFE lead
Three month LME nickel
Most active ShFE nickel
Three month LME tin
Most active ShFE tin
ARBS
(Reporting by Melanie Burton; editing by Richard Pullin)
Linkhienalouca.com
https://hienalouca.com/2018/09/24/london-copper-eases-from-10-week-top-in-holiday-thinned/
Main photo article
MELBOURNE, Sept 24 (Reuters) – London copper eased on Monday as buying was thinned by holidays in China and Japan, a session after it notched up its biggest one-day advance in more than five years on receding trade war concerns.
FUNDAMENTALS
* COPPER: London Metal Exchange slipped by 1...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves Online news HienaLouca
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