Base meals after surging for 2 weeks in a row cooled down last week by posting flat or small losses, except for nickel which dived by 7% WoW.
It seems that dollar decline, record euro zone industrial production and higher US retail sales did not excite investors to drive prices above recent range highs. On the other hand investors were worried that China might tighten monetary policy and slow its metals demand.
The dollar dropped to a one month low against the euro as investors pared large bearish bets on European currencies following record January euro zone industrial output.
US retailers' sales rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report that bolstered hopes of sustainable economic recovery.
Chinese consumption doubts were reinforced by consumer inflation data that jumped to a 16 month high in February which could encourage China to tighten monetary policy, which could in turn hit imports.
London Metal Exchange Rates
Cash Buyer
| Product | 04-Mar | 11-Mar | Change | % |
| Zinc | 2290 | 2305 | 16 | 1% |
| Nickel | 22850 | 21300 | -1550 | -7% |
| Tin | 17550 | 17425 | -125 | -1% |
| Aluminium | 2203 | 2194 | -9 | 0% |
| Copper | 7485 | 7384 | -101 | -1% |
Change is on March 11th 2010 as compared to March 4th 2010
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 04-Mar | 08-Mar | 09-Mar | 10-Mar | 11-Mar |
| 2290 | 2349 | 2318 | 2362 | 2305 |
In USD per tonne
| Date | Rate | Period | Change |
| 11-Mar | 2305 | | |
| 04-Mar | 2290 | WoW | 0.68% |
| 11-Feb | 1998 | MoM | 15.37% |
| 11-Dec | 2265 | QoQ | 1.79% |
| 11-Mar'09 | 1216 | YoY | 89.56% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 04-Mar | 08-Mar | 09-Mar | 10-Mar | 11-Mar |
| 22850 | 22525 | 21940 | 21990 | 21300 |
In USD per tonne
| Date | Rate | Period | Change |
| 11-Mar | 21300 | | |
| 04-Mar | 22850 | WoW | -6.78% |
| 11-Feb | 17030 | MoM | 25.07% |
| 11-Dec | 16465 | QoQ | 29.37% |
| 11-Mar'09 | 9750 | YoY | 118.46% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 04-Mar | 08-Mar | 09-Mar | 10-Mar | 11-Mar |
| 17550 | 17525 | 17200 | 17620 | 17425 |
In USD per tonne
| Date | Rate | Period | Change |
| 11-Mar | 17425 | | |
| 04-Mar | 17550 | WoW | -0.71% |
| 11-Feb | 14925 | MoM | 16.75% |
| 11-Dec | 15100 | QoQ | 15.40% |
| 11-Mar'09 | 11050 | YoY | 57.69% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 04-Mar | 08-Mar | 09-Mar | 10-Mar | 11-Mar |
| 2203 | 2224 | 2200 | 2232 | 2194 |
In USD per tonne
| Date | Rate | Period | Change |
| 11-Mar | 2194 | | |
| 04-Mar | 2203 | WoW | -0.39% |
| 11-Feb | 1974 | MoM | 11.17% |
| 11-Dec | 2163 | QoQ | 1.43% |
| 11-Mar'09 | 1301 | YoY | 68.70% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 04-Mar | 08-Mar | 09-Mar | 10-Mar | 11-Mar |
| 7485 | 7541 | 7394 | 7524 | 7384 |
In USD per tonne
| Date | Rate | Period | Change |
| 11-Mar | 7384 | | |
| 04-Mar | 7485 | WoW | -1.35% |
| 11-Feb | 6329 | MoM | 16.68% |
| 11-Dec | 6805 | QoQ | 8.51% |
| 11-Mar'09 | 3635 | YoY | 103.14% |
In USD per tonne
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