LME Base Metals Finished Higher Wednesday

Posted by: : Paul EbelingPosted on: January 21, 2015 LME Base Metals Finished Higher Wednesday
 

LME Base Metals Finished Higher Wednesday

The base metal prices on the London Metal Exchange (LME) finished mostly higher Wednesday.

LME Copper rose on Wednesday as good housing data came from the US the world’s 2nd biggest consumer.

US  homebuilders broke ground on more houses in December 2014, US Department of Commerce reported Wednesday.

Besides, Indonesia’s government warned that the US mining giant Freeport-McMoRan (NYSE:FCX) could lose permit to export Copper concentrate for its Grasberg mine unless it shows progress in developing a new Copper smelter.

The three-month unofficial Copper price increased 55.5, or 0.98%, to 5,722.5/tonne.

The three-month unofficial Aluminium price increased 31, or 1.69%, to 1,866.5/tonne.

The three-month unofficial Lead price increased 13, or 0.69%, to 1,909/tonne.

Besides, the three-month unofficial Zinc price increased 22, or 1.04%, to 2,128/tonne.

The three-month unofficial Nickel price increased 337.5, or 2.30%, to 14,987.5/tonne.

The three-month unofficial Tin price lost 25, or 0.13%, to 19,375/ tonne.

Gold, Silver, And Industrial Metals Prices

Commodity Units Price Change % Change Contract Time(EST)
COMEX Gold USD/t oz. 1,292.70 -1.00 -0.08% Feb 15 21:18:20
TOCOM Gold JPY/g 4,896.00 -21.00 -0.43% Dec 15 21:19:36
Gold Spot USD/t oz. 1,292.55 -0.54 -0.04% N/A 21:43:38
Euro Spot EUR/t oz. 1,113.94 -0.06 -0.01% N/A 21:44:49
British Pound Spot GBP/t oz. 853.14 -0.80 -0.09% N/A 21:44:52
Japanese Yen Spot JPY/t oz. 152,594.31 +66.69 +0.04% N/A 21:44:24
Indian Rupee Spot INR/t oz. 79,523.25 -71.65 -0.09% N/A 21:44:17
Commodity Units Price Change % Change Contract Time(EST)
COMEX Silver USD/t oz. 18.14 -0.06 -0.32% Mar 15 21:18:34
TOCOM Silver JPY/g 68.70 -0.50 -0.72% Dec 15 21:10:34
US Dollar Spot USD/t oz. 18.14 +0.01 +0.04% N/A 21:43:34
Euro Spot EUR/t oz. 15.63 +0.01 +0.07% N/A 21:43:48
British Pound Spot GBP/t oz. 11.97 -0.00 -0.03% N/A 21:43:49
Japanese Yen Spot JPY/t oz. 2,140.91 +1.12 +0.05% N/A 21:43:57
Indian Rupee Spot INR/t oz. 1,115.54 -0.16 -0.01% N/A 21:44:
Commodity Units Price Change % Change Contract Time(EST)
Platinum Spot USD/t oz. 1,276.63 +3.75 +0.29% N/A 21:45:00
Palladium Spot USD/t oz. 773.75 +6.28 +0.82% N/A 21:44:51
Commodity Units Price Change % Change Contract Time(EST)
COMEX Copper USd/lb. 260.00 -1.25 -0.48% Mar 15 21:19:43
LME 3 Month Copper USD/MT 5,771.00 +81.00 +1.42% 2015 04 22 01/21/2015
LME 3 Month Aluminum USD/MT 1,867.00 +23.00 +1.25% 2015 04 21 01/21/2015
LME 3 Month Zinc USD/MT 2,140.00 +40.00 +1.90% 2015 04 22 01/21/2015
LME 3 Month Tin USD/MT 19,370.00 -80.00 -0.41% 2015 04 22 01/21/2015

Metals commodities trade on different exchanges with different trading sessions, change always shows from the prior close price.

Stay tuned…

HeffX-LTN

Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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