Monthly update of commodity prices
Monthly update of commodity prices
As a service to members, customers and wholesalers with ongoing needs for current raw material prices for copper and aluminum, Selcable publishes a monthly update.
The reported raw material prices are based on the average value (Cash Seller & Settlement) during the month of official metal quotations at London Metal Exchange, LME, for copper and aluminum. Conversion to SEK is based on the average rate during the month for SEK – USD based on SEB's historical exchange rate for Avista for USD at 09.50 on trading days. For aluminum, a European premium based on LME's published market data is also included.
The following applies to the currency calculation:
- Only days when the LME is open are included in the monthly average
- On days when the LME is closed, no exchange rate is quoted.
- If the LME is open on a day when SEB does not publish a historical exchange rate, the previous day's rate at 09.50 is used.
Please note that the information is based on publicly available market data, subject to possible errors, incomplete information and changes in underlying market data.
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