Since I have started writing articles on Commodities, Natural Gas was my first choice of commodity to have its article written. Right now, 2 articles for Natural Gas have been written - Natural Gas Prices and Natural Gas Futures. This article will cover another important commodity - Copper. Copper is a very well used metal in alloys, and its applications in modern world range from statuary, refrigeration, air conditioning, roofing, and in coinage - with U.S. Nickel being an being an obvious example, which has 75% copper by weight
This article will detail the price trend of Copper over the years. I hope to give you a brief idea of how copper price has changed over the last few years. The overview of the price trend will be on the March Contract of Copper.
The Chart Below features, Copper prices for the March 2010 Contract.
Copper has been on the decline for the year until February 5, where it hit the lowest price range for the year. On February 5th, Copper opened at $286.50, and reached a high of $290.35, and a low of $281.10 (which was also the low of the year), and finally settled at $285.75. The closing price of $285.75 was also the lowest closing price for the year 2010. Copper has been surging since the past 5 days, climbing $13.15 from $285.75 on February 5th to $298.9 on February 10 - a rise of 4.4%. Copper opened at $355 for the start of the year (Jan 4 2010), and settled at $340.60 for the close and reaching a high of $342.90 for the day. It reached a high for the year on January 7th, when copper hit a high of $354.40 before closing at $342.70 - a significant drop from its high, and the previous day's close which was at $349.5.
For the month of December in 2009, copper prices ranged from $310.3 to $334.6. The commodity opened at $323.1 for the month, and closed at a high of $334.6, which was also the end of the month. Trading in copper peaked on 7th of December and was the lowest in the last week of the month.
The Chart Below Details the Supply & Demand Graph of Copper
Copper Prices
