11 Oct 2012 Last updated at 06:12:55 GMT

LME Copper declines on global growth woes

LONDON (Scrap Monster): London Metal Exchange (LME) copper fell for a fourth straight session on Wednesday as worries about the global economy and a bleak demand outlook offset hopes for pro-growth policies from top metals consumer China.

LME aluminium dropped to a one month low, weighed down by the cautious mood and after top U.S. aluminium producer Alcoa Inc cut its global demand growth forecast this year due to the slowdown in China.

Zinc and lead prices also touched one month lows on Wednesday. LME nickel touched its weakest for three weeks and tin fell to its cheapest for a week on Wednesday.

LME Price Highlights:

--Aluminium alloy declined 0.76% to $1891 a metric ton

--Aluminium dipped 2.68% to $1991 per metric ton

--Copper fell 0.1% to $8124 a metric ton

--Lead declined 1.22% to $2214.50 per metric ton

--Nickel declined 1.08% to $17730 per metric ton

--Tin advanced 1.87% to $21680 per metric ton

--Zinc slipped 2.47% to $1951.50 a metric ton

– Steel fell 1.32% to $334.50 per metric ton

The LME metal prices in US $ per metric ton as on October 10, 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

1891.00
(1905.50)

1991.00
(2046.00)

8124.00
(8132.50)

2214.50
(2242.00)

17730.00
(17925.00)

21680.00
(22095.00)

1951.50
(2001.00)

334.50
(339.00)

Cash seller

1892.00
(1906.00)

1992.00
(2046.50)

8124.50
(8133.00)

2215.00
(2243.00)

17735.00
(17930.00)

21685.00
(22100.00)

1952.00
(2001.50)

335.50
(341.00)

3 M buyer

1910.00
(1940.00)

2020.00
(2075.00)

8127.00
(8135.00)

2220.00
(2251.50)

17825.00
(17975.00)

21700.00
(22045.00)

1992.00
(2035.00)

350.00
(355.00)

3 M seller

1920.00
(1950.00)

2021.00
(2075.50)

8128.00
(8135.50)

2221.00
(2252.00)

17830.00
(18000.00)

21725.00
(22050.00)

1992.50
(2035.50)

355.00
(365.00)

 

blog comments powered by Disqus
North American Scrap Prices
Scrap Name
Price
High/Low