Date |
Commodity (USD/ton) | |||||
Cooper (Cu) |
Aluminum (Al) |
Zinc (Zn) |
Lead (Pb) |
Nickel (Ni) |
Tin (Sn) | |
2024. 08. 30 |
9,215.0 |
2,463.5 |
2,862.0 |
2,026.5 |
16,820.0 |
32,425.0 |
2024. 08. 29 |
9,116.0 |
2,437.5 |
2,820.0 |
2,013.0 |
16,735.0 |
32,545.0 |
2024. 08. 28 |
9,135.5 |
2,479.5 |
2,813.0 |
2,045.0 |
16,630.0 |
32,475.0 |
2024. 08. 27 |
9,247.5 |
2,520.0 |
2,885.0 |
2,095.0 |
16,835.0 |
33,085.0 |
To analyze the reasons for LME (London Metal Exchange) price fluctuations between August 27 and 30, 2024, consider the following potential factors:
1. Economic Data Releases: Key economic indicators released during this period could have impacted metal demand and supply. For instance, better or worse-than-expected manufacturing data from major economies like China or the U.S. can directly affect metal prices.
2. Political/Economic Events: Significant international political or economic events could have influenced metal prices. Examples include strikes in major raw material-producing countries, political instability, or changes in trade agreements.
3. Monetary Policy: Changes in central bank policies or interest rate adjustments can impact metal prices. Interest rate changes can influence investment flows and affect commodity prices.
4. Currency Fluctuations: Movements in major currencies, particularly the U.S. dollar, can affect metal prices. Since metals are typically traded in dollars, fluctuations in the dollar's value can have a direct impact on metal prices.
5. Inventory Levels and Supply Chain Issues: Changes in the inventory levels of metals listed on the LME or disruptions in the supply chain can lead to price fluctuations.
6. Market Sentiment: Investor sentiment and expectations can influence metal prices. Uncertainty or changes in investor attitudes can lead to price volatility.