Prices of main and precious metals on New York Commodity Exchange by July 8 trade results
/IRBIS, Alima Kopbaeva, July 9, 2008/ - Prices of main and precious metals on New York Mercantile Exchange (NYMEX) on SPOT terms according to results of trades of July 8, 2008.
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Price:
Name of Unit ---------------------------- Trend
metal measure max. min. last
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Main metals
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copper USD/lb 3.82 3.77 3.80 +0.84
aluminum USD/lb 1.41 1.40 1.40 +0.32
zinc USD/lb 0.80 0.78 0.80 +1.15
nickel USD/lb 9.34 9.20 9.25 +0.62
lead USD/lb 0.74 0.73 0.74 +0.93
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chrome USD/lb n/а n/а 5.99 0
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Ferrochrome* USD/lb n/a n/a 5.57 -0.72
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Ferrochrome** USD/lb n/a n/a 2.43 -2.41
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Charge-chrome(52%Cr) USD/lb n/a n/a 2.13 +5.97
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Precious metals
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silver USD/oz 18.00 17.46 17.76 -0.11
gold USD/oz 934.90 911.90 918.40 -0.14
platinum USD/oz 1,958.50 1,942.00 1,950.00 +0.31
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*- low-carbon strong ferrochrome
**- high-carbon strong ferrochrome
The data in the table are based on information of COMEX (Commodity Exchange of New York, a concern of NYMEX), except for prices on chrome (Hong Kong Exchange) and ferrochrome (Pittsburg storage). The data of different Internet- resources have been used to compile the table.
USD/lb means price in USD per pound of main metal, USD/oz means price in USD per troy ounce.
According to Metals Market, copper prices on COMEX decreased by 15% to $3.80 per pound on appreciation of USD rate and decreasing of investors` anxieties on inflation.
Precious metals prices also fell. In particular, August futures on gold in COMEX fell by $5.50 to $923.30 per troy ounce due to decreasing of oil prices.
[2008-07-09]