metal prices

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    Holding relatively, down but higher than a cuple hours ago.

    Reuters
    LME metals slip lower in early pre-market
    Wednesday March 3, 4:50 am ET


    * (MCU3) - Copper remains under $3,000 level after bout of profit-taking
    and dollar strength keep buyers at bay. Trades at $2,988/2,996 a tonne by 0945 GMT, down from
    Tuesday's kerb close of $3,002.
    * Options declaration later this morning not seen pushing prices significantly, with open interest
    skewed towards calls, and strikes between $2,900 and $3,050 likely to be focus of interest.
    * (MAL3) - Drops back to $1,715/17 from $1,725. Seen potentially testing $1,700 level having
    failed to crack tough resistance at $1,745. Options declaration could contribute to pushing the
    market lower.
    * (MNI3) - Shifts back $50 to $14,250/14,350.
    * (MSN3) - Dragged down by copper's fall. Drops $90 to $6,900/940.
 
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