LME Copper remain positive
Metal Recycling News | 2012-05-22 02:18:45
London Metal Exchange (LME) base metal prices showed a negative trend on Monday after the gains in the previous session.
By Paul Ploumis
LONDON (Scrap Monster): London Metal Exchange (LME) base metal prices showed a negative trend on Monday after the gains in the previous session.
LME Copper extended gains on bargain-hunting, short-covering and a weaker dollar on Monday, after it bounced off four-month lows in the previous session.
Except Copper and Tin, all other metal prices ended in red in LME market.
LME Price Highlights:
--Aluminium alloy slipped 0.52% to $1890 a metric ton
--Aluminium slipped 0.62% to $2003.50 per metric ton
--Copper gained 0.05% to $7799.50 a metric ton
--Lead declined 0.35% to $1941 per metric ton
--Nickel dipped 1.92% to $16770 a metric ton
--Tin gained 0.12% to $19400 per metric ton
--Zinc slipped 0.96% to $1901.50 a metric ton
--Steel dipped 4.42% to $410 per metric ton
The LME metal prices in US $ per metric tonne as on May 21, 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 | 1890.00 | 2003.50 | 7799.50 | 1941.00 | 16770.00 | 19400.00 | 1901.50 | 410.00 |
Cash seller | 1891.00 | 2004.00 | 7800.50 | 1942.00 | 16775.00 | 19450.00 | 1902.00 | 411.00 |
3 M buyer | 1935.00 | 2045.00 | 7745.50 | 1955.00 | 16855.00 | 19400.00 | 1903.00 | 425.00 |
3 M seller | 1940.00 | 2045.50 | 7746.00 | 1956.00 | 16860.00 | 19425.00 | 1904.00 | 435.00 |
