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Metal Recycling News March 23, 2012 02:03:33 AM

LME Copper prices remain negative

Paul Ploumis
ScrapMonster Author
London Metal Exchange base metal prices showed a down trend on Thursday.

LONDON (Scrap Monster): London Metal Exchange base metal prices showed a down trend on Thursday.

LME copper futures turned negative on Thursday after data showed factory activity in China, the world's top metals consumer, shrank for a fifth month.

LME Price Highlights:

--Aluminium alloy dipped 0.98% to $ 2020 a metric ton

--Aluminium dipped 2.41% to $2139 per metric ton

--Copper slipped 1.77% to $8319.50 a metric ton

--Lead dipped 1.23% to $ 1999 per metric ton

--Nickel dipped 2.17% to $18465 a metric ton

--Tin gained 4.29% to $22300 per metric ton

--Zinc dipped 1.11% to $2003 a metric ton

--Steel remain unchanged at $470 per metric ton

The LME metal prices in US $ per metric tonne as on March 22, 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

2020.00
(2040.00)

2139.00
(2192.00)

8319.50
(8470.00)

1999.00
(2024.00)

18465.00
(18875.00)

22300.00
(23300.00)

2003.00
(2025.50)

470.00
(470.00)

Cash seller

2020.50
(2050.00)

2139.50
(2192.50)

8320.00
(8470.50)

2000.00
(2026.00)

18470.00
(18880.00)

22325.00
(23305.00)

2004.00
(2026.00)

473.00
(475.00)

3 M buyer

2040.00
(2070.00)

2181.00
(2233.00)

8289.00
(8442.00)

2003.00
(2035.00)

18525.00
(18935.00)

22300.00
(23325.00)

2003.00
(2042.00)

500.00
(508.00)

3 M seller

2050.00
(2080.00)

2181.50
(2233.50)

8290.00
(8443.00)

2005.00
(2036.00)

18530.00
(18940.00)

22305.00
(23330.00)

2005.00
(2043.00)

505.00
(518.00)

 

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