21 Sep 2012 Last updated at 07:07:50 GMT

LME Copper declines after weak China, euro zone data

LONDON (Scrap Monster): London Metal Exchange (LME) copper declined on Thursday after data from top consumer China showed manufacturing activity continued to contract, while prices came under more pressure as a poor reading from France pushed the euro down against the dollar.

Manufacturing in China contracted for an 11th month in a row in September, according to a private sector survey of factory managers that indicated the world's second largest economy remains on track for a seventh quarter of slowing growth.

Steel is the only metal showed a positive trend on LME market on Thursday, rose by 1.53% to $325 per metric ton.

LME Price Highlights:

--Aluminium alloy declined 1.48% to $1995 a metric ton

--Aluminium declined 1.31% to $2095 per metric ton

--Copper declined 1.47% to $8200 a metric ton

--Lead dipped 1.93% to $2227 per metric ton

--Nickel declined 1.01% to $17595 per metric ton

--Tin declined 4.41% to $20550 per metric ton

--Zinc dipped 1.73% to $2068 a metric ton

– Steel rose 1.53% to $325 per metric ton

The LME metal prices in US $ per metric ton as on September 20, 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

1995.00
(2025.00)

2095.00
(2123.00)

8200.00
(8322.50)

2227.00
(2271.00)

17595.00
(17775.00)

20550.00
(21500.00)

2068.00
(2104.50)

330.00
(325.00)

Cash seller

1995.50
(2035.00)

2096.00
(2124.00)

8202.00
(8323.00)

2229.00
(2271.50)

17600.00
(17780.00)

20575.00
(21550.00)

2068.50
(2105.00)

335.00
(327.00)

3 M buyer

2015.00
(2045.00)

2110.00
(2140.00)

8215.00
(8330.00)

2236.50
(2281.00)

17625.00
(17830.00)

20525.00
(21500.00)

2098.00
(2134.00)

335.00
(335.00)

3 M seller

2025.00
(2055.00)

2111.00
(2140.50)

8220.00
(8330.50)

2237.00
(2281.50)

17650.00
(17840.00)

20550.00
(21505.00)

2099.00
(2135.00)

345.00
(345.00)

 

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