LME Copper hits 4 month low on Greece worries
Metal Recycling News | 2012-05-16 02:24:12 | By Paul Ploumis
London Metal Exchange base metal prices showed a mixed trend on Tuesday. Except Aluminium alloy, Nickel and Steel, all other metal prices ended in red in LME market.
LONDON (Scrap Monster): London Metal Exchange base metal prices showed a mixed trend on Tuesday. Except Aluminium alloy, Nickel and Steel, all other metal prices ended in red in LME market.
LME Copper dipped by 1.57% to $7853 a metric ton, a four-month low on Tuesday after Greece said it will hold new elections and investors worried that the country might exit the euro zone.
LME Price Highlights:
--Aluminium alloy advanced 0.26% to $1885 a metric ton
--Aluminium slipped 0.12% to $1978.50 per metric ton
--Copper dipped 1.57% to $7853 a metric ton
--Lead dipped 0.49% to $2016 per metric ton
--Nickel advanced 0.02% to $16980 a metric ton
--Tin dipped 0.74% to $20100 per metric ton
--Zinc slipped 0.1% to $1917.50 a metric ton
--Steel gained 5.58% to $454 per metric ton
The LME metal prices in US $ per metric tonne as on May 15, 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 | 1885.00 | 1978.50 | 7853.00 | 2016.00 | 16980.00 | 20100.00 | 1917.50 | 454.00 |
Cash seller | 1885.50 | 1979.50 | 7854.00 | 2016.50 | 16985.00 | 20200.00 | 1918.00 | 456.00 |
3 M buyer | 1919.00 | 2020.50 | 7828.00 | 2019.00 | 17030.00 | 20100.00 | 1919.50 | 460.00 |
3 M seller | 1919.50 | 2021.00 | 7829.00 | 2020.00 | 17035.00 | 20200.00 | 1920.00 | 475.00 |