US Copper Futures Fall below $3.50/lb after Hours-Shanghai Metals Market

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US Copper Futures Fall below $3.50/lb after Hours

Industry News 09:27:52AM May 16, 2012 Source:SMM

NEW YORK May 15 (Reuters) - U.S. copper futures fell below $3.50 per lb after hours on Tuesday for the first time since early January, extending its decline during the trading session as concerns about a political impasse in Greece and a slowdown in China limited its demand outlook.

In late electronic trade, the July COMEX contract extended losses to $3.4945 per lb, its cheapest price since Jan. 10. It settled Tuesday at $3.5175, which was down 1 percent on the day.

 

Price

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1# Zinc
Sep.20
19010.0
-70.0
(-0.37%)
0# Zinc
Sep.20
19080.0
-70.0
(-0.37%)
T/C for domestic zinc concentrate
Sep.01
6325.0
0.0
(0.00%)
T/C for imported zinc concentrate
Sep.01
280.0
40.0
(16.67%)
Zinc Alloy (Zamak3/ZX01)
Sep.20
19980.0
-70.0
(-0.35%)

US Copper Futures Fall below $3.50/lb after Hours

Industry News 09:27:52AM May 16, 2012 Source:SMM

NEW YORK May 15 (Reuters) - U.S. copper futures fell below $3.50 per lb after hours on Tuesday for the first time since early January, extending its decline during the trading session as concerns about a political impasse in Greece and a slowdown in China limited its demand outlook.

In late electronic trade, the July COMEX contract extended losses to $3.4945 per lb, its cheapest price since Jan. 10. It settled Tuesday at $3.5175, which was down 1 percent on the day.