LME Copper declines, Aluminium hits two month high
Metal Recycling News | 2012-09-05 06:13:20
London Metal Exchange (LME) copper declined by 0.11% to $7640 a metric ton on Tuesday on signs of flagging growth in top metals consumer China, though prices were supported by enduring hopes the European Central Bank (ECB) will this week kick off a round of global easing.
By Paul Ploumis
LONDON (Scrap Monster): London Metal Exchange (LME) copper declined by 0.11% to $7640 a metric ton on Tuesday on signs of flagging growth in top metals consumer China, though prices were supported by enduring hopes the European Central Bank (ECB) will this week kick off a round of global easing.
Meantime, aluminium prices in LME market rose to a two-month high on Tuesday. Lead prices also reached a fresh two-and-a-half-month best and ended at $19655 per metric ton on LME market.
Except copper, nickel and steel all other metal prices gained in LME market on Tuesday.
LME Price Highlights:
--Aluminium alloy gained 1.7% to $1790 a metric ton
--Aluminium advanced 2.55% to $1927 per metric ton
--Copper declined 0.11% to $7640 a metric ton
--Lead rose 0.85% to $1998.50 per metric ton
--Nickel declined 0.03% to $16095 per metric ton
--Tin gained 0.02% to $19655 per metric ton
--Zinc advanced 1.14% to $1856.50 a metric ton
– Steel declined 2.98% to $325 per metric ton
The LME metal prices in US $ per metric ton as on September 04, 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 | 1790.00 | 1927.00 | 7640.00 | 1998.50 | 16095.00 | 19655.00 | 1856.50 | 325.00 |
Cash seller | 1800.00 | 1927.50 | 7640.50 | 1999.00 | 16100.00 | 19660.00 | 1857.00 | 330.00 |
3 M buyer | 1810.00 | 1948.00 | 7649.00 | 1999.00 | 16130.00 | 19700.00 | 1883.00 | 350.00 |
3 M seller | 1820.00 | 1948.50 | 7650.00 | 1999.50 | 16135.00 | 19715.00 | 1883.50 | 360.00 |
