London Metal Exchange – Copper Prices Slips

Prices of base metal in London Metal Exchange continued in fall trend on Thursday.The base metal prices in London metal exchange met 4 months low.Copper traded steadily, around 4-month lows, as sentiment were cautious given worries that Spain might be hit hard if Greece leaves the euro and defaults on its debt. Global copper market was in deficit of 1,52,000 tons in the first quarter of 2012, as compared to a surplus of 320,000 tons in the year ending CY2011, as per WBMS.
LME Price Highlights:

–Aluminium alloy fell 0.15% to $1882 a metric ton
–Aluminium slipped 0.37% to $1986.50 per metric ton
–Copper dipped 0.02% to $7707 a metric ton
–Lead dipped 2.18% to $1929 per metric ton
–Nickel slipped 0.26% to $16900 a metric ton
–Tin dipped 1.66% to $19445 per metric ton
–Zinc slipped 1.51% to $1883 a metric ton
–Steel eased 6.02% to $429 per metric ton