LME Copper inches above four-month lows
Metal Recycling News | 2012-05-18 02:47:50
London Metal Exchange base metal prices continued negative trend on Thursday.
By Paul Ploumis
LONDON (Scrap Monster): London Metal Exchange base metal prices continued negative trend on Thursday.
LME Copper peeked above four-month lows on bargain-hunting and signs that Greeks are warming up to pro-austerity parties, allaying some fears their country could leave the euro zone.
But worries over Spain's finances and reports of Chinese copper inflows into the LME will likely cap gains in the session. LME Copper slipped by 0.02% to $7707 a metric ton on Thursday.
LME Price Highlights:
--Aluminium alloy fell 0.15% to $1882 a metric ton
--Aluminium slipped 0.37% to $1986.50 per metric ton
--Copper dipped 0.02% to $7707 a metric ton
--Lead dipped 2.18% to $1929 per metric ton
--Nickel slipped 0.26% to $16900 a metric ton
--Tin dipped 1.66% to $19445 per metric ton
--Zinc slipped 1.51% to $1883 a metric ton
--Steel eased 6.02% to $429 per metric ton
The LME metal prices in US $ per metric tonne as on May 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 | 1882.00 | 1986.50 | 7707.00 | 1929.00 | 16900.00 | 19445.00 | 1883.00 | 429.00 |
Cash seller | 1882.50 | 1987.00 | 7708.00 | 1930.00 | 16910.00 | 19450.00 | 1883.50 | 431.00 |
3 M buyer | 1920.00 | 2033.00 | 7679.00 | 1940.00 | 16975.00 | 19375.00 | 1886.00 | 440.00 |
3 M seller | 1925.00 | 2034.00 | 7680.00 | 1941.00 | 16980.00 | 19380.00 | 1887.00 | 450.00 |
