LME Base Metals Rose Tuesday

Posted by: : Paul EbelingPosted on: January 20, 2015 LME Base Metals Rose Tuesday
 

LME Base Metals Rose Tuesday

The base metal prices on the London Metal Exchange (LME) closed higher overall Tuesday.

LME base metals prices rose on account of the better-than-expected growth figures from China.

China’s GDP grew 7.4% in Y 2014, better than market expectation, data from China’s National Bureau of Statistics (NBS) showed Tuesday.

Industrial output in China grew 8.3% in Y 2014 from a year ago, down from the 9.7% growth seen in Y 2013, the NBS announced Tuesday. But this data was better than market expectations.

The 3-month unofficial Copper price dropped 10.5, or 0.18%, to 5,667/tonne.

The 3-month unofficial Aluminium price increased 6, or 0.33%, to 1,835.5/tonne.

The 3-month unofficial Lead price increased 37, or 1.99%, to 1,896/tonne.

The 3-month unofficial Zinc price increased 19, or 0.91%, to 2,106/tonne.

The 3-month unofficial Nickel price increased 100, or 0.69%, to 14,650/tonne.

The 3-month unofficial Tin price increased 50, or 0.26%, to 19,400/tonne

Gold, Silver, And Industrial Metals Prices

Commodity Units Price Change % Change Contract Time(EST)
COMEX Gold USD/t oz. 1,296.60 +2.40 +0.19% Feb 15 22:06:21
TOCOM Gold JPY/g 4,924.00 +78.00 +1.61% Dec 15 22:06:51
Gold Spot USD/t oz. 1,296.93 +1.61 +0.12% N/A 22:31:23
Euro Spot EUR/t oz. 1,121.06 -0.31 -0.03% N/A 22:32:09
British Pound Spot GBP/t oz. 855.79 +0.46 +0.05% N/A 22:31:20
Japanese Yen Spot JPY/t oz. 153,128.06 -715.75 -0.47% N/A 22:31:13
Indian Rupee Spot INR/t oz. 80,056.94 +99.81 +0.12% N/A 22:30:22
Commodity Units Price Change % Change Contract Time(EST)
COMEX Silver USD/t oz. 18.10 +0.14 +0.77% Mar 15 22:06:46
TOCOM Silver JPY/g 68.80 +1.70 +2.53% Dec 15 21:28:05
US Dollar Spot USD/t oz. 18.07 +0.07 +0.41% N/A 22:31:37
Euro Spot EUR/t oz. 15.63 +0.04 +0.28% N/A 22:30:33
British Pound Spot GBP/t oz. 11.93 +0.05 +0.42% N/A 22:30:34
Japanese Yen Spot JPY/t oz. 2,135.21 -3.29 -0.15% N/A 22:30:19
Indian Rupee Spot INR/t oz. 1,114.72 +3.48 +0.31% N/A 22:30:22
Commodity Units Price Change % Change Contract Time(EST)
Platinum Spot USD/t oz. 1,275.88 -7.25 -0.57% N/A 22:32:01
Palladium Spot USD/t oz. 779.00 +2.75 +0.35% N/A 22:31:20
Commodity Units Price Change % Change Contract Time(EST)
COMEX Copper USd/lb. 258.20 -1.20 -0.46% Mar 15 22:06:26
LME 3 Month Copper USD/MT 5,690.00 +18.00 +0.32% 2015 04 21 01/20/2015
LME 3 Month Aluminum USD/MT 1,844.00 +26.00 +1.43% 2015 04 21 01/20/2015
LME 3 Month Zinc USD/MT 2,100.00 +22.00 +1.06% 2015 04 21 01/20/2015
LME 3 Month Tin USD/MT 19,450.00 +125.00 +0.65% 2015 04 21 01/20/2015

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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