LONDON (Scrap Monster): London Metal Exchange (LME) copper edged down slightly on Monday after steep gains in the previous session, although prices did not stray too far from a 4-1/2 month top as a new round of U.S. monetary stimulus measures and a weak dollar continued to support sentiment.
Aluminium and lead prices also moved down on LME market on Monday, both ended at $2161.50 per metric ton (mt) and $2242.50/ mt, respectively.
Meanwhile, LME nickel set a fresh four-and-a-half-month high at $17,975 and ended at $17950/ mt on Monday, up 2.45% from the pre-weekend close.
LME Price Highlights:
--Aluminium alloy rose 3.52% to $2058 a metric ton
--Aluminium declined 0.68% to $2161.50 per metric ton
--Copper declined 1.27% to $8292.50 a metric ton
--Lead dipped 0.02% to $2242.50 per metric ton
--Nickel gained 2.45% to $17950 per metric ton
--Tin rose 1% to $21625 per metric ton
--Zinc advanced 0.89% to $2053.50 a metric ton
– Steel remain unchanged at $320 per metric ton
The LME metal prices in US $ per metric ton as on September 17, 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 |
2058.00 |
2161.50 |
8292.50 |
2242.50 |
17950.00 |
21625.00 |
2053.50 |
320.00 |
|
Cash seller |
2059.00 |
2162.00 |
8293.00 |
2243.00 |
17955.00 |
21630.00 |
2054.00 |
325.00 |
|
3 M buyer |
2080.00 |
2167.00 |
8311.00 |
2250.00 |
18015.00 |
21550.00 |
2085.00 |
320.00 |
|
3 M seller |
2090.00 |
2168.00 |
8312.00 |
2251.00 |
18025.00 |
21575.00 |
2086.00 |
330.00 |
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