LME Copper prices remain negative
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 | 2139.00 | 8319.50 | 1999.00 | 18465.00 | 22300.00 | 2003.00 | 470.00 |
Cash seller | 2020.50 | 2139.50 | 8320.00 | 2000.00 | 18470.00 | 22325.00 | 2004.00 | 473.00 |
3 M buyer | 2040.00 | 2181.00 | 8289.00 | 2003.00 | 18525.00 | 22300.00 | 2003.00 | 500.00 |
3 M seller | 2050.00 | 2181.50 | 8290.00 | 2005.00 | 18530.00 | 22305.00 | 2005.00 | 505.00 |
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Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.32 | $US/Lb |
| #1 Copper Bare Bright | 3.75 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.73 | $US/Lb |
| 6061 Extrusions | 0.64 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 460.00 | $US/MT |
| #1 Busheling | 480.00 | $US/MT |
| Electronics Scrap | ||