The first full year of steel trading on the London Metal Exchange has been very successful
The LME steel price has quickly become an integral part of the steel industry and has begun to be referenced in physical scrap and reinforcement bar transactions," said Abbott.
The impact of the recession has brought increased awareness of the importance of price transparency and risk management to the 600 million tonne steel billet industry".
"Our last primary contract introduction was in 1978 – aluminium – which is now our largest contract," said Abbott. "The steel contracts have had a very promising start and have already traded 49 per cent more volume than that of aluminium during its first year."
Thursday, April 30, 2009
Metals Price
| Date: 30/04/2009 | |
| Metal | Rates |
| Aluminium CSP | 1,419.00 USD |
| Copper CSP | 4,300.50 USD |
| Lead CSP | 1,318.00 USD |
| Zinc CSP | 1,362.00 USD |
| Nickel CSP | 11,100.00 USD |
| Tin CSP | 12,300.00 USD |
| Aluminium Alloy | 1,291.00 USD |
| NASAAC | 1,270.00 USD |
Copper has been on a winning streak in recent months
Shanghai copper hit its daily limit on Wednesday,"The market got the feeling that the economy is starting to recover," said Li Rong, The most active copper contract for August delivery touched its upside daily limit of 36,200 yuan before easing to 36,150 yuan a tonne.
Copper has been on a winning streak in recent months, stoked by strong demand from China.
Shanghai copper is headed for a 9 percent rise this month and, like LME metal, is set for its fourth monthly rise in a row. London's previous 8-month winning run collapsed in January 2006.
Copper has been on a winning streak in recent months, stoked by strong demand from China.
Shanghai copper is headed for a 9 percent rise this month and, like LME metal, is set for its fourth monthly rise in a row. London's previous 8-month winning run collapsed in January 2006.
Wednesday, April 29, 2009
Metals Rates
| Date: 29/04/2009 | |
| Metal | Rates |
| Aluminium CSP | 1,389.50 USD |
| Copper CSP | 4,185.00 USD |
| Lead CSP | 1,309.00 USD |
| Zinc CSP | 1,318.00 USD |
| Nickel CSP | 10,825.00 USD |
| Tin CSP | 12,105.00 USD |
| Aluminium Alloy | 1,291.00 USD |
| NASAAC | 1,231.00 USD |
Tuesday, April 28, 2009
Non Ferrous Metal rates
| Date: 28/04/2009 | |
| Metal | Rates |
| Aluminium CSP | 1,398.00USD |
| Copper CSP | 4,305.00 USD |
| Lead CSP | 1,370.00 USD |
| Zinc CSP | 1,340.50 USD |
| Nickel CSP | 11,005.00 USD |
| Tin CSP | 12,395.00 USD |
| Aluminium Alloy | 1,260.00 USD |
| NASAAC | 1,255.00 USD |
Subscribe to:
Posts (Atom)