Prices of main and precious metals on New York Commodity Exchange by July 10 trade results
/IRBIS, Alima Kopbaeva, July 11, 2008/ - Prices of main and precious metals on New York Mercantile Exchange (NYMEX) on SPOT terms according to results of trades of July 10, 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 3.79 3.81 +0.42
aluminum USD/lb 1.46 1.44 1.46 +0.47
zinc USD/lb 0.88 0.85 0.86 -1.04
nickel USD/lb 9.89 9.68 9.73 +0.47
lead USD/lb 0.88 0.86 0.86 0
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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 n/a
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Ferrochrome** USD/lb n/a n/a 2.43 n/a
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Charge-chrome(52%Cr) USD/lb n/a n/a 2.13 n/a
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Precious metals
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silver USD/oz 948.60 924.70 943.20 -0.34
gold USD/oz 18.38 18.03 18.31 +0.11
platinum USD/oz 2,025.00 2,012.50 2,022.00 +1.63
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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, aluminum prices are continuing to grow. According to analysts, the main reason is 10% planned decrease (1.2 ton a year) of aluminum production in China, where policy of energy saving on main builders is implemented.
[2008-07-11]