LME Base Metals Overall Finished Lower Thursday

Posted by: : Paul EbelingPosted on: February 19, 2015 LME Base Metals Overall Finished Lower Thursday
 

LME Base Metals Overall Finished Lower Thursday

The base metals prices on the London Metal Exchange (LME) finished mostly lower Thursday.

Copper prices hit 5-yr lows in January as inventories held by exchanges shot higher. China’s slowing economic growth also weighed on prices. The recent rebound failed to gain much traction as broader economic concerns in China remain.

LME Copper is expected to remain ranged between 5,300-5,800, in place for the past month, until Chinese buying is back after the Lunar New Year holiday on 25 February.

The 3-month unofficial Copper price dropped 93, to 5,680/tonne.

The 3-month unofficial Aluminium price lost 21.5, to 1,809/tonne.

The 3-month unofficial Lead price lost 18, to 1,787/tonne.

The 3-month unofficial Zinc price lost 34, to 2,075/tonne.

The 3-month unofficial Nickel price lost 300, to 13,950/tonne.

The 3-month unofficial Tin price was unchanged at 18100/tonne

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Gold, Silver, And Industrial Metals Prices

Commodity Units Price Change % Change Contract Time(EST)
COMEX Gold USD/t oz. 1,209.10 +1.50 +0.12% Apr 15 21:02:39
TOCOM Gold JPY/g 4,619.00 -17.00 -0.37% Dec 15 21:02:34
Gold Spot USD/t oz. 1,208.62 +1.78 +0.15% N/A 21:27:45
Euro Spot EUR/t oz. 1,063.06 +1.39 +0.13% N/A 21:28:38
British Pound Spot GBP/t oz. 783.26 +0.33 +0.04% N/A 21:28:31
Japanese Yen Spot JPY/t oz. 143,730.44 +168.50 +0.12% N/A 21:28:09
Indian Rupee Spot INR/t oz. 75,151.19 +162.97 +0.22% N/A 21:28:22
Commodity Units Price Change % Change Contract Time(EST)
COMEX Silver USD/t oz. 16.46 +0.07 +0.45% Mar 15 20:59:30
TOCOM Silver JPY/g 63.10 -0.40 -0.63% Dec 15 19:49:15
US Dollar Spot USD/t oz. 16.46 +0.08 +0.49% N/A 21:27:58
Euro Spot EUR/t oz. 14.48 +0.06 +0.43% N/A 21:27:39
British Pound Spot GBP/t oz. 10.67 +0.04 +0.39% N/A 21:27:46
Japanese Yen Spot JPY/t oz. 1,957.96 +8.56 +0.44% N/A 21:27:40
Indian Rupee Spot INR/t oz. 1,023.71 +5.12 +0.50% N/A 21:27:31
Commodity Units Price Change % Change Contract Time(EST)
Platinum Spot USD/t oz. 1,171.38 +0.13 +0.01% N/A 21:28:10
Palladium Spot USD/t oz. 786.25 -0.85 -0.11% N/A 21:27:40
Commodity Units Price Change % Change Contract Time(ET)
COMEX Copper USd/lb. 261.55 -0.45 -0.17% May 15 21:02:31
LME 3 Month Copper USD/MT 5,750.00 +5.00 +0.09% 2015 05 19 02/19/2015
LME 3 Month Aluminum USD/MT 1,818.00 -1.00 -0.05% 2015 05 20 02/19/2015
LME 3 Month Zinc USD/MT 2,077.00 -11.00 -0.53% 2015 05 20 02/19/2015
LME 3 Month Tin USD/MT 18,175.00 +100.00 +0.55% 2015 05 19 02/19/2015

Metals commodities trade on different exchanges with different trading sessions, change always shows from the prior day’s closing 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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