LME Copper gains after two straight days of losses
Metal Recycling News | 2012-02-09 00:33:26
London Metal Exchange base metal prices showed up trend on Wednesday. LME Copper prices show high growth, after two straight days of losses, as investors were cautiously optimistic of an eventual agreement on details of a new Greek bailout package despite recent delays.
By Paul Ploumis
LONDON (Scrap Monster): London Metal Exchange base metal prices showed up trend on Wednesday. LME Copper prices show high growth, after two straight days of losses, as investors were cautiously optimistic of an eventual agreement on details of a new Greek bailout package despite recent delays.
LME Price Highlights:
--Aluminium Alloy advanced 3.05% to $ 2190 a metric ton
--Aluminium advanced 2.94% to $2236 per metric ton
--Copper gained 3% to $8585.50 a metric ton
--Lead gained 3.05% to $2190 per metric ton
--Nickel advanced 2.48% to $21825 a metric ton
--Tin gained 5.78% to $25600 per metric ton
--Zinc gained 2.23% to $2128 a metric ton
--Steel dipped 1.03% to $477 per metric ton
The LME metal prices in US $ per metric tonne as on February 8, 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 | 2190.00 | 2236.00 | 8585.50 | 2190.00 | 21825.00 | 25600.00 | 2128.00 | 477.00 |
Cash seller | 2195.00 | 2236.50 | 8586.00 | 2190.50 | 21830.00 | 25650.00 | 2129.00 | 478.00 |
3 M buyer | 2200.00 | 2275.00 | 8606.00 | 2222.00 | 21875.00 | 25650.00 | 2143.50 | 515.00 |
3 M seller | 2205.00 | 2277.00 | 8607.00 | 2223.00 | 21880.00 | 25700.00 | 2144.00 | 517.00 |
