LME base metal prices remain positive
Metal Recycling News | 2012-02-22 00:05:38 | By Paul Ploumis
London Metal Exchange base metal prices advanced on Tuesday.
LONDON (Scrap Monster): London Metal Exchange base metal prices advanced on Tuesday.
London copper futures rose more than 1 percent on Tuesday after Greece struck a deal for a second bailout package to avoid a default next month, fuelling appetite for riskier assets.
LME Price Highlights:
--Aluminium alloy advanced 1.18% to $ 2095.50 a metric ton
--Aluminium gained 2.13% to $2175 per metric ton
--Copper gained 1.11% to $8324 a metric ton
--Lead advanced 1.43% to $ 2056.50 per metric ton
--Nickel advanced 1.99% to $19985 a metric ton
--Tin advanced 0.93% to $23745 per metric ton
--Zinc gained 2.87% to $2006 a metric ton
--Steel gained 2.15% to $474.50 per metric ton
The LME metal prices in US $ per metric tonne as on February 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 | 2095.50 | 2175.00 | 8324.00 | 2056.50 | 19985.00 | 23745.00 | 2006.00 | 474.50 |
Cash seller | 2096.00 | 2175.50 | 8325.00 | 2057.00 | 19990.00 | 23750.00 | 2006.50 | 475.50 |
3 M buyer | 2135.00 | 2219.50 | 8328.00 | 2086.00 | 20100.00 | 23775.00 | 2026.00 | 504.50 |
3 M seller | 2140.00 | 2220.00 | 8329.00 | 2087.00 | 20125.00 | 23825.00 | 2027.00 | 507.50 |