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LME Price

LME main commodity international prices (2024. 8. 27~8. 30)

Writer
STEELTOPIA
Date
24-09-02
View
135

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.