On all these 2 media the information is real-time and is designed user friendly. We offer real time prices on 2 different media:
#Copper prices today android
To be sure that you can access these important real time pricing at all times, Metal Radar also offers various apps for your Iphone, Blackberry en Android smartphones. The rally in copper has been driven by a major supply crunch in the marketplace. July high-grade copper futures last traded at 4.59 a pound, down nearly 3 on the day. From the three leading exchanges: London Metal Exchange, Chigago Mercantile Exchange and the Shanghai Futures Exchange, Metal Radar is an official developer and distributor, find more info at. The Kettles warning comes as copper prices have fallen sharply, down nearly 6 from their recent record highs, and are testing important support above 4.50 a pound.
#Copper prices today software
Metal Radar is a software developer and developes real time pricing solutions since 2007. With this information companies can react immediately on price fluctuations from the London Metal Exchange.
We offer these important real time prices such as scrap prices, LME copper and LME aluminum.
Companies who are in the metal trading business are interested in real-time London Metal Exchange pricing. On the internet it is possible to follow the London Metal Exchange pricing with a delay of one day. LME offers as well buyers as sellers the opportunity to hedge their material price risk and have protection further future fluctuation in prices. These prices are often unpredictable and have a big influence on profits of companies. This fluctuations depend not only from supply and demand but also from expectations and sentiments in the financial world. There are twelve companies, who have the exclusive right to trade in the ring.Īll companies who work with metals know the phenomena that prices can strongly fluctuate. Only these Ring Dealing Members are entitled to enter the ring and trade during the ring-trading sessions. The prices are based on supply and demand. The LME is in Europe the last exchange where open-outcry trading take place. Contrary to other exchanges the trade is still in the ring. LME offers futures and options various contracts for aluminium, copper, tin, nickel, zinc, lead, aluminium, alloy, NASAAC (North American Special Aluminium Alloy), steel billet, cobalt and molybdenum. This is an old custom that goes back in time because copper cargoes needed a 3 month’s journey to deliver the copper from Chile. For commodities most of the deals are made to be delivered in three month’s time. About $US 11.6 trillion annually is the total value of the trade. After that the trade was extended with aluminium and other metals. The London Metal Exchange started with copper and very soon lead and zinc followed. The owner is LME Holdings Limited and is located at Leadenhall Street, City of London, United Kingdom. LME is now the world’s leading market for non-ferrous metals. LME prices are very important for companies who trade in these metals. The Department of Industry, Science, Energy, and Resources of Australia also expects the price of copper to rise sharply to $8,257 in 2021, with a slight decrease to $7,724 in the following two years and consequent growth to $8,876 by 2026.The London Metal Exchange was founded in the year 1877, but has a history from the year 1571.The IMF projects the growth of the copper price from an average of $6,174 per metric ton in 2020 to $8,313 in 2021, followed by a gradual decline to $7,600 per metric ton by 2026.The price is expected to decrease to $7,500 in 2022 and then grow to $8,250 by 2035. The World Bank estimated in its commodity forecast report that the spot price for copper will average $8,500 per metric ton by the end of 2021.Here are the copper price forecasts issued by each of the leading international agencies: It is the next most used metal after aluminum and steel in the construction, telecommunications, transportation, and automobile manufacturing sectors.
The demand for copper is expected to rise further amid rising concerns about low copper inventories.Ĭopper is the most widely used metal in energy generation, transmission infrastructure, and energy storage. The copper price growth over the course of the past year was driven primarily by the high demand from China, the top copper consumer, as well as growing optimism about the overall economic recovery in view of COVID-19 vaccine rollouts. The average year-to-date price as of May 20 was $8,915, which means the forecasts do not reflect an expectation of further increases over the second half of the year. The consensus forecast from three leading sources (IMF, World Bank, and the Australian Government) for 2021 is $8,357. () Copper prices reached an all-time high of $10,512 per metric ton on May 9, marking a 130% growth since March 22, 2020.
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