18 Sep 2012 Last updated at 05:42:13 GMT

LME Copper slips, Nickel remains positive

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
(1988.00)

2161.50
(2176.50)

8292.50
(8400.00)

2242.50
(2243.00)

17950.00
(17520.00)

21625.00
(21410.00)

2053.50
(2072.00)

320.00
(320.00)

Cash seller

2059.00
(1989.00)

2162.00
(2177.00)

8293.00
(8400.50)

2243.00
(2243.50)

17955.00
(17525.00)

21630.00
(21415.00)

2054.00
(2073.00)

325.00
(330.00)

3 M buyer

2080.00
(2000.00)

2167.00
(2175.00)

8311.00
(8402.00)

2250.00
(2253.50)

18015.00
(17550.00)

21550.00
(21400.00)

2085.00
(2103.00)

320.00
(330.00)

3 M seller

2090.00
(2005.00)

2168.00
(2175.50)

8312.00
(8403.00)

2251.00
(2254.00)

18025.00
(17555.00)

21575.00
(21405.00)

2086.00
(2104.00)

330.00
(340.00)

 

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