LONDON (Scrap Monster): London Metal Exchange (LME) copper rose on Friday after Spain moved to buttress its economy, but was on course for its second weekly loss in a row as the impact of central bank easing fizzled and concerns over Chinese demand weighed ahead of a week-long holiday.
LME copper advanced by 1.14% to $8266.50 a metric ton on Friday form $8173/ mt previously. Except aluminium alloy and zinc, all other base metals traded higher on LME market on Friday.
LME Price Highlights:
--Aluminium alloy declined 0.35% to $1967 a metric ton
--Aluminium rose 1.25% to $2093.50 per metric ton
--Copper rose 1.14% to $8266.50 a metric ton
--Lead advanced 1.52% to $2299.50 per metric ton
--Nickel advanced 2.01% to $18515 per metric ton
--Tin rose 3.36% to $21650 per metric ton
--Zinc declined 1.75% to $2087.50 a metric ton
– Steel advanced 2.94% to $350 per metric ton
The LME metal prices in US $ per metric ton as on September 28, 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 |
1967.00 |
2093.50 |
8266.50 |
2299.50 |
18515.00 |
21650.00 |
2087.50 |
350.00 |
|
Cash seller |
1968.00 |
2094.00 |
8267.50 |
2300.00 |
18520.00 |
21655.00 |
2088.00 |
360.00 |
|
3 M buyer |
1985.00 |
2125.50 |
8246.00 |
2300.00 |
18540.00 |
21700.00 |
2112.50 |
360.00 |
|
3 M seller |
1990.00 |
2126.00 |
8247.00 |
2301.00 |
18550.00 |
21740.00 |
2113.00 |
370.00 |
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