Classified COPPER ENJOYS HIGHER THURSDAY PRICE
…Buoyed by slight pullback of US Dollar
COPPER edged higher on Thursday, buoyed by a slight pullback in the United States (US) dollar and lower inventories. However, prices were hemmed in a narrow range as markets in top metals consumer China were closed for the Lunar New Year holidays, according to a report by the Access Bank Zambia. “Three-month copper on the LTD UBSO$8R, 2E18HaOmLeEtriSc London Metal Exchange was up 0.3 percent at accordingOtoCthEeAreNport. tonnes,” clined 38 cents, or 0.5 percent, to US$1,991.70 per ounce (Oz), - HAS ON OFFER -
On the other hand, oil prices US$76.26 a barrel. after hitting its lowest since December DRILLING
Point of Lay pullets and layer cages fell on Thursday after a larger-than “Gold struggled near a twomonth 13, 2024 on Wednesday. capacity 90 and 120. Price negotiable. COMPANY expected jump in US low on Thursday, as investors US gold futures were flat at US$2, crude inventories, raising concerns assessed comments from 003.40/Oz,” the report stated. about demand in the
WE DRILL 6-8 INCHES BOREHOLES two US Federal Reserve officials Meanwhile, the report on world’s largest economy and on unexpectedly high January the Kwacha showed that the top oil consuming nation. Brent inflation that has tempered local unit was projected to appreciate crude fuWtueresupfeplly 3&4incsetnatllsh, aonrd pumps. hopes for swift and deeper interest in the short run.“The 0.4 percent, to US$81.26 a barrel0at7073377, rate cuts this year. Zambian Kwacha was in bullish 7wh7il2e 9U9S W9es/t0Te9xa5s5 97“9Sp8o8t 8gold was flat at trade against the US dollar InteArmdde:d6ia8t3e2.cOrulydme pfiuat,uKreastimdea-mulilo Rd, Lsk. ODERS / INQUIRIES in Wednesday’s trading session. The US$/ZMW opened at K26.7922/26.8422 and closed at
K26. 6919/26.7419 on the market average interbank bid and offer
DISTRIBUTORS OF AGRO respectively.
“Increased dollar trading on CHEMICALS AND FERTILIZER the market reached US$20.3 million, satiating the meagre need for hard currency by market participants,” it indicated.