Copying and distributing are prohibited without permission of the publisher
LME ASIAN WRAP: Base metals still on China inflation
February 09, 2012 - 02:58 GMT
Location:
Shanghai
KEYWORDS:
London Metal Exchange
,
copper
,
aluminium
,
lead
,
zinc
,
nickel
,
tin
,
price
Base metals were mainly steady in early Asian trading on the London Metal Exchange on Thursday, after a rise in China's inflation.
By 04:30 GMT, three-month copper stood at $8,563 per tonne, up $3 from its opening price. The red metal traded as high as $8,658.25 per tonne and as low as $8,497 per tonne.
SHFE May copper stood at 62,040 yuan ($9,863) per tonne, 1.2% higher from opening and 1.6% higher from Wednesday’s settlement.
China’s latest consumer price index (CPI) showed prices rose 4.5% year-on-year in January, according to the National...
All material subject to strictly enforced copyright laws. ©
Euromoney Institutional Investor PLC.
Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.
If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.
Subscribe
A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.
Subscribe
Free trial
Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.
Free trial