LONDON (Scrap Monster): London Metal Exchange (LME) copper advanced by 0.59% to $7554.50 a metric ton on Friday, buttressed by returning confidence in the euro after the European Central Bank's chief reinforced a commitment to the single currency, while focus shifted to a key U.S. Economic indicator later in the session.
All other metal prices also traded higher on Saturday except Aluminium and nickel, both declined to $1859.50 per ton and $15855 per ton respectively.
LME Price Highlights:
--Aluminium alloy rose 0.48% to $1760 a metric ton
--Aluminium declined 0.29% to $1859.50 per metric ton
--Copper rose 0.59% to $7554.50 a metric ton
--Lead advanced 2.08% to $1907 per metric ton
--Nickel declined 0.43% to $15855 per metric ton
--Tin advanced 2.71% to $18175 per metric ton
--Zinc gained 1.43% to $1834 a metric ton
--Steel gained 1.35% to $370 per metric ton
The LME metal prices in US $ per metric ton as on July 27, 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 |
1760.00 |
1859.50 |
7554.50 |
1907.00 |
15855.00 |
18175.00 |
1834.00 |
375.00 |
|
Cash seller |
1765.00 |
1860.00 |
7555.00 |
1907.50 |
15860.00 |
18225.00 |
1835.00 |
385.00 |
|
3 M buyer |
1779.00 |
1893.00 |
7560.00 |
1917.00 |
15905.00 |
18175.00 |
1842.00 |
395.00 |
|
3 M seller |
1780.00 |
1894.00 |
7560.50 |
1917.50 |
15910.00 |
18225.00 |
1843.00 |
405.00 |
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