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Metal Recycling News February 24, 2012 12:03:11 AM

LME base metal prices up

Paul Ploumis
ScrapMonster Author
London Metal Exchange base metal prices advanced on Thursday.

LONDON (Scrap Monster): London Metal Exchange base metal prices advanced on Thursday.

London copper advanced by 0.19% to $8407 a metric ton on Thursday as upbeat U.S. Data helped revive buying interest in the metal.

Aluminium alloy and Nickel prices dipped in LME market. All other base metals futures headed in positive direction.

LME Price Highlights:

--Aluminium alloy dipped 0.72% to $ 2120 a metric ton

--Aluminium gained 0.79% to $2228.50 per metric ton

--Copper gained 0.19% to $8407 a metric ton

--Lead advanced 2.15% to $ 2113.50 per metric ton

--Nickel dipped 0.59% to $19975 a metric ton

--Tin advanced 0.54% to $ 24030 per metric ton

--Zinc advanced 1.49% to $2036 a metric ton

--Steel gained 3.09% to $500 per metric ton

The LME metal prices in US $ per metric tonne as on February 23, 2011. The figures in brackets refer to prices that prevailed on the previous day.

Metals

Aluminium Alloy

Aluminium

Copper

Lead

Nickel

Tin

Zinc

Steel

Cash buyer

2120.00
(2135.50)

2228.50
(2211.00)

8407.00
(8390.50)

2113.50
(2069.00)

19975.00
(20095.00)

24030.00
(23900.00)

2036.00
(2006.00)

500.00
(485.00)

Cash seller

2121.00
(2136.00)

2229.00
(2212.00)

8408.00
(8391.00)

2114.00
(2070.00)

20000.00
(20100.00)

24035.00
(23950.00)

2037.00
(2007.00)

505.00
(486.00)

3 M buyer

2185.00
(2175.00)

2272.00
(2252.00)

8406.00
(8409.00)

2144.00
(2100.00)

20190.00
(20155.00)

24100.00
(23950.00)

2059.00
(2029.00)

523.00
(510.00)

3 M seller

2190.00
(2185.00)

2273.00
(2253.00)

8406.50
(8410.00)

2145.00
(2102.00)

20195.00
(20160.00)

24125.00
(24000.00)

2060.00
(2030.00)

528.00
(520.00)

 

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