LME Copper declines on weak Euro, China data
Metal Recycling News | 2012-10-22 02:57:06 | By Paul Ploumis
London Metal Exchange (LME) copper declined on Friday, hurt by a weak euro on concerns about the euro zone debt crisis and uncertainty about the outlook for demand from top user China.
LONDON (Scrap Monster): London Metal Exchange (LME) copper declined on Friday, hurt by a weak euro on concerns about the euro zone debt crisis and uncertainty about the outlook for demand from top user China.
LME copper prices moved down by 1.08% to $8120 a metric ton (mt) on Friday from $8209 per mt previously.
LME Price Highlights:
--Aluminium alloy declined 1.64% to $1790 a metric ton
--Aluminium rose 0.25% to $1976 per metric ton
--Copper declined 1.08% to $8120 a metric ton
--Lead declined 1.47% to $2134 per metric ton
--Nickel fell 0.75% to $17000 per metric ton
--Tin declined 0.11% to $21725 per metric ton
--Zinc slipped 1.61% to $1863 a metric ton
– Steel dipped 5.97% to $315 per metric ton
The LME metal prices in US $ per metric ton as on October 19, 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 | 1790.00 | 1976.00 | 8120.00 | 2134.00 | 17000.00 | 21725.00 | 1863.00 | 315.00 |
Cash seller | 1795.00 | 1976.50 | 8121.00 | 2134.50 | 17005.00 | 21730.00 | 1864.00 | 325.00 |
3 M buyer | 1810.00 | 2000.50 | 8124.00 | 2140.50 | 17065.00 | 21695.00 | 1905.00 | 325.00 |
3 M seller | 1820.00 | 2001.50 | 8125.00 | 2141.00 | 17070.00 | 21700.00 | 1906.00 | 335.00 |