Mystery shopping captures 80pc of copper in London market

Unknown buyer was built in the dominant position since last week at least, to a dealer on the market.

According to the rules of the London Metal Exchange, the merchant must lend copper if it holds between 50pc and 80pc of total keep cash in day agenda on the market. The trader is currently ready for a 0 5pc premium for the cash price.

The premium prices for copper cash on delivery within three months reached $89 in the middle of this week - the highest within two years.

London stock fell more than a third since their levels at the beginning of the year.

LME Copper was stable at $8,720 per tonne this morning, after having reached a maximum of $8,732 earlier. A record price of $8,966 hit in mid-November.

Large position is not the only reason why the price of copper is high.

There are fears of a supply shortfall next year, as mine production should not at the same pace as demand bounce after the recession.

Two investment banks us and a UK company also want to launch traded exchange of funds tied to copper, which is likely to suck up the market demand.

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Mr. copper finger of shock: famous commodity compresses

Sumitomo agreed in 1998 to pay a record $158 m to settle charges of illegal trade in copper and he paid a 125 m $ fine to the US Commodity Futures Trading Commission (CFTC). It is the largest civil fine ever imposed by an American organization.

Nicknamed "shock Finger", Anthony Ward pushed a huge piece of supply of cocoa in the world in July last year. Mr. Ward trade purchased firm Armajaro 241 000 tonnes of cocoa beans - enough for the manufacture of 5.3 billion quarter-pound chocolate bars.

The futures contract expired with a premium of nearly 300 pounds of July a ton on September cocoa as those of the market and unable to have captured.

A group of 16 European cocoa industry participants sent a letter to Liffe July 2 complain about speculation on the London market. Liffe is the introduction of a new trader similar to the US Commodity Futures Trading Commission (CFTC) reporting system will provide more transparency on who holds positions on the soft commodity markets.

Financiers Jay Gould and James Fisk conspired in the 1860s in a plot for the New York of angle gold market.

Aware of the plot, President Ulysses s. Grant authorized the Secretary of the Treasury to sell enough gold to wreck their plans.But speculation had already wrought havoc and caused first black nation Friday September 24, 1869.

The US Congress has been forced to include in the future act of August 1958 onions which prohibits trade of onion on the Chicago Mercantile Exchange futures. Onion prices had fluctuated wildly in 1955 $ 2.75 per 15 centimes bag - little more that the price of the bag holding the onions.

Farmers we traders alleged aircraft attempted market of onion, which led to the Act being passed from angle.

Money market has temporarily been maneuvered in 1979 and 1980, when Nelson Bunker Hunt and his brother William Herbert Hunt held derivatives of money representing about half of the world annual production of money.

In 1979 the price money is increased from $6 oz in a record time all the top of $48. 70 oz.

But the Hunt brothers had borrowed heavily to finance their purchases and that the price has dropped in the 50pc in only four days, they were unable to meet their obligations, causing panic on the markets.

In 1989, Nelson Bunker Hunt has agreed to pay penalties of up to 10 m $ and has consented to a prohibition on commercial products.

In the 1980s, Malaysia attempted to global market for angle plate, but was forced to abandon with enormous losses. He hoped to make up the price of Tin and forcing traders on the London Metal Exchange (LME) to purchase merchandise, the Malaysia, at higher prices.

But the plan failed when the LME amended some of its rules, whereas other producers provided fresh supplies and the United States has published its huge stock of Tin.

The losses of the Malaysia were never officially declared, although market estimates put as high as 500 m $.

In 2002, U.S. Sempra Energy Trader uproot nearly a month crude oil around Brent program after a commercial exchange for physical (EFP), which she swapped future Brent to send contracts that oil delivered. Most of the crude oil was shipped to China.

Sempra was one of the last classic short squeeze on the market of the North Sea before Brent pricing agency Platts introduced other types of crude oil, in the methodology of the reference index, making it impossible for a single negotiating to purchase worth a month full of crude oil.

BP was in 2004 who bought propane, almost all in the Mont Belvieu storage areas in advance, and then onto it until the end of the month, when other companies who need the gas on a pipeline North would pay for it.

In 2007, BP has agreed to pay civil and criminal penalties $ 303 million for trying to corner of the U.S. market propane, the CFTC fines in history. In return, the Government agreed to put an end to criminal probes related to propane, gasoline, crude and other trade goods. BP has also agreed to pay $52 m to settle a class action brought by the customer trial said that they have paid a price artificially inflated in April 2003 and the first half of 2004.

• Source: Reuters and agencies

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Market report: copper stocks affected by HSBC view anti-conformiste

As a result, HSBC minor déclassés Xstrata Antofagasta "weight" to "neutral". Xstrata lost 6% to £ 13.05 and Antofagasta given up 19 percent to £ 12.88.

Mr. Keen also downgraded Vedanta Resources off the coast of p 35 to £ 22.55 "neutral".

Analyst sees additional risk in what he sees a difficult relationship with the Government of the India where Vedanta must rely to emphasize growth in action plans.

Mr. Keen said: "the history of growth becomes less claire.Compte view lack synergies with existing assets, [Vedanta] planned acquisition of the India cairn could be regarded as the concern of growth, rather than for the interest of the shareholders further growth.

For those investors always interested to buy in the mining sector, the analyst tipped stocks based on aluminium, such as Rio Tinto .Rio, however, throw 63 £ 40.80 p word its joint venture deal BHP Billiton, 14% to £ 21.85, will be discarded.

Overall, the FTSE 100 then 39.15 5742.52 points and FTSE 250 from 10875.09 41.58 points after a decent start on Wall Street.

Defence actions are in vogue in the middle of hopes both carrier provided the United Kingdom will be recorded in the review expenditures of tomorrow. BAE Systems Threading 4.1 369.9 p.

Cobham, dragged, 0.3 in spite of Morgan Stanley 237¾p reiterating its "overweight" rating on the stock.Rupinder Vig, an analyst at the broker, stated: "despite doubts the ability of Cobham investor continue to show high growth, we remain convinced that the company is more isolated in budget cuts than his peers." Further savings could bring benefits in the long term. »

Back in the ranking, Lloyd's Banking Group climbed 2 to 72.2 percent as Goldman Sachs said expected the Bank could be one of the best European capitalized here in 2013. Analysts Goldman Sachs said: "strong capital formation is driven by high in combination with weighted risk assets reduced yields."The broker has concluded that by 2012 Lloyds is one of only seven banks with capital above targets of Goldman Sachs to a basic level 20pc ratio.

However, Goldman Sachs cut its price target for Barclays by p 342 p 34 because it expects this point of the Bank to the report a kernel level a ratio of 10pc by 2012, which is a less objective broker percentage established for Barclays.

However, Barclays shares acquired even higher 289¼p 4¼ as Deutsche Bank reiterated its "buy" rating. "That should be much capital to match the Basel III Standard Chartered tally, Barclays retains 1pc capital base... and we believe that could meet the new requirements over time, said Jason Napier, an analyst at Deutsche Bank."By our mathematics, stock is still slightly cheap even though it raises £ 19bn to run 10pc base level 1 in Basel III today."

In the transport sector, British Airways edged 282½p 5¾ after Citigroup raised his price target to 390 light 295 p.Andrew p, an analyst at Citigroup, said he expected underlying growth of revenue from 16pc and quadrupled the operating profit in the third quarter of 2010 compared with a year ago.Net income could be five times higher, said the analyst.An increase in fuel prices on 15pc in terms of the euro should also have more overwhelmed by the large passenger and freight revenue.

Area of technology, advanced Invensys 7¾ 312¾p as Exane BNP Paribas, updated the stock to "outperform".

Speculative bid rumours also insisted several higher shares.Autonomy soared 71% to £ 14.19 to Word that it is always interesting for claiming U.S. potentiel.Commerçants also thought that society could disclose numbers better than expected this week.

Support to intercept survey Group BG .the actions meeting more than £ 11.94 amid renewed gossip China National Offshore Oil Corporation prepares an offer of 27 p.Cependant market commentators believes that it is unlikely that the Chinese company will be bidding for BG Group.

Elsewhere in the oil and gas sector, BP acquired 6¾ % 432.1 after that it has agreed to sell goods to the Viet Nam and Venezuela.

Advice "Buy" of the Royal Bank of Scotland thrown FirstGroup 375¾p RBS .Analystes 1.2 said: "" we expect the FirstGroup to generate cash flow organically and driving leverage advantage for investors propres.Les capitalists are more rewarded by a dividend producing 6pc, whose management is committed to grow 7pc on year for three years. ""

BlueBay Asset Management jumped on top of mid-cap index after he was told that he had received an offer of cash (including dividend 7½p) share a Royal Bank of the Canada.Les 492½p shares jumped 111,2 to 487 p.

London insurer that novae then up to 24 to 360 p sector reviewed set for another round of consolidation.Lundi Lloyd, it became Subscription Hardy up to 46 to 291¼p, received a rival Beazley, tender from 3½ to 118 p.

Among smaller companies, Gulf Keystone Petroleum has climbed 13 to 156½p after confirming its 109 million from £ equity Collections Fund order to speed up the "active" drilling program.

After the announcement that the results of the year would be better than current forecasts, i-design, which develops and provides advertising ATM solutions is 3½ to 15 percent.

Shares of cohort - vendor of high-tech sector of defence - niche products increased by 5½ to 66 percent in the announcement that its owned subsidiary sea was awarded a contract for the design and construction of sensors measure for use on spacecraft space agency EarthCARE m €5 (£ 4 4 m) European in 2013.

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