Base metals climbed to the highest point at LME in more than two months on hopes for steady Chinese demand and cautious optimism toward the euro zone after successful debt auctions and upbeat comments from the European Central Bank chief till Thursday.
The YoY rise in Chinese consumer prices slowed slightly in December from November's pace giving China more room to ease monetary policy to support the economy.
But they fell on Friday as speculation ratings agency Standard & Poor's could downgrade a number of euro zone countries prompted a pull back in assets perceived as risky, but improving fundamentals capped further falls in the metal.
London Metal Exchange Rates
Cash Buyer
| Product | 05-Jan | 12-Jan | Change | % |
| Zinc | 1835 | 1944 | 109 | 6% |
| Nickel | 18580 | 19570 | 990 | 5% |
| Tin | 19410 | 21075 | 1665 | 9% |
| Aluminium | 2003 | 2157 | 154 | 8% |
| Copper | 7470 | 7946 | 476 | 6% |
Change is on Jan 12th as compared to 5th Jan 2012
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 05-Jan | 09-Jan | 10-Jan | 11-Jan | 12-Jan |
| 1835 | 1854 | 1912 | 1910 | 1944 |
In USD per tonne
| Date | Rate | Period | Change |
| 12-Jan | 1944 | | |
| 05-Jan | 1835 | WoW | 5.94% |
| 12-Dec | 1955 | MoM | -0.56% |
| 12-Oct | 1929 | QoQ | 0.78% |
| 12-Jan'11 | 2448 | YoY | -20.59% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 05-Jan | 09-Jan | 10-Jan | 11-Jan | 12-Jan |
| 18580 | 18850 | 19400 | 19355 | 19570 |
In USD per tonne
| Date | Rate | Period | Change |
| 12-Jan | 19570 | | |
| 05-Jan | 18580 | WoW | 5.33% |
| 12-Dec | 18260 | MoM | 7.17% |
| 12-Oct | 18920 | QoQ | 3.44% |
| 12-Jan'11 | 25720 | YoY | -23.91% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 05-Jan | 09-Jan | 10-Jan | 11-Jan | 12-Jan |
| 19410 | 20075 | 20025 | 20250 | 21075 |
In USD per tonne
| Date | Rate | Period | Change |
| 12-Jan | 21075 | | |
| 05-Jan | 19410 | WoW | 8.58% |
| 12-Dec | 19945 | MoM | 5.67% |
| 12-Oct | 22350 | QoQ | -5.70% |
| 12-Jan'11 | 26900 | YoY | -21.65% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 05-Jan | 09-Jan | 10-Jan | 11-Jan | 12-Jan |
| 2003 | 2061 | 2137 | 2134 | 2157 |
In USD per tonne
| Date | Rate | Period | Change |
| 12-Jan | 2157 | | |
| 05-Jan | 2003 | WoW | 7.69% |
| 12-Dec | 2026 | MoM | 6.47% |
| 12-Oct | 2202 | QoQ | -2.04% |
| 12-Jan'11 | 2479 | YoY | -12.99% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 05-Jan | 09-Jan | 10-Jan | 11-Jan | 12-Jan |
| 7470 | 7503 | 7641 | 7689 | 7946 |
In USD per tonne
| Date | Rate | Period | Change |
| 12-Jan | 7946 | | |
| 05-Jan | 7470 | WoW | 6.37% |
| 12-Dec | 7611 | MoM | 4.39% |
| 12-Oct | 7415 | QoQ | 7.15% |
| 12-Jan'11 | 9621 | YoY | -17.42% |
In USD per tonne
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