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- LME Aluminum 3M Select trades $-9.25 lower to $3071 at 8:40:38 AM
- LME Copper 3M Select trades $-32.75 lower to $12850 at 8:40:34 AM
- (Bloomberg) – Industrial metals had a subdued start to the week, with many Asian traders offline for the Lunar New Year break, and the US also closed. Copper was little changed below $12,900 a ton in London, consolidating after recent volatility. Readily available copper inventories tracked by the London Metal Exchange rose again on Monday, bringing total stocks at exchanges in Shanghai, London and New York further above a million tons, the highest since 2003. The LMEX Index that tracks the main six metals traded in London hit a record last month on a wave of Chinese buying, coupled with a weaker US dollar. Since then, the index has backtracked slightly, as traders await fresh catalysts, including on US tariffs and the outlook for Federal Reserve monetary policy.
- CME HRC Steel last traded at $979 and $0 lower at 6:09:27 AM
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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