Base metals remain subdued last week after the US Federal Reserve's chairman gave no hint that further monetary easing was imminent, disappointing those hoping that more stimulus by the world's largest economy would help boost global commodity prices.
Investors also began to worry that a decision on Thursday to cut rates in China, the world's top metals consumer, signalled grim economic data is on the cards.
London Metal Exchange Rates
Cash Buyer
| Product | 31-May | 07-Jun | Change | % |
| Zinc | 1899 | 1898 | -1 | 0% |
| Nickel | 16370 | 16440 | 70 | 0% |
| Tin | 19700 | 19610 | -90 | 0% |
| Aluminium | 1973 | 1947 | -27 | -1% |
| Copper | 7516 | 7480 | -36 | 0% |
Change is on June 7th as compared to 31st May 2012
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 31-May | 04-Jun | 05-Jun | 06-Jun | 07-Jun |
| 1899 | 1899 | 1899 | 1897 | 1898 |
In USD per tonne
| Date | Rate | Period | Change |
| 07-Jun | 1898 | | |
| 31-May | 1899 | WoW | -0.05% |
| 08-May | 1987 | MoM | -4.48% |
| 08-Mar | 2018 | QoQ | -5.97% |
| 07-Jun'11 | 2251 | YoY | -15.70% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 31-May | 04-Jun | 05-Jun | 06-Jun | 07-Jun |
| 16370 | 16370 | 16370 | 16055 | 16440 |
In USD per tonne
| Date | Rate | Period | Change |
| 07-Jun | 16440 | | |
| 31-May | 16370 | WoW | 0.43% |
| 08-May | 17400 | MoM | -5.52% |
| 08-Mar | 18995 | QoQ | -13.45% |
| 07-Jun'11 | 22580 | YoY | -27.19% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 31-May | 04-Jun | 05-Jun | 06-Jun | 07-Jun |
| 19700 | 19700 | 19700 | 19895 | 19610 |
In USD per tonne
| Date | Rate | Period | Change |
| 07-Jun | 19610 | | |
| 31-May | 19700 | WoW | -0.46% |
| 08-May | 21335 | MoM | -8.09% |
| 08-Mar | 22850 | QoQ | -14.18% |
| 07-Jun'11 | 25800 | YoY | -23.99% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 31-May | 04-Jun | 05-Jun | 06-Jun | 07-Jun |
| 1973 | 1973 | 1973 | 1945 | 1947 |
In USD per tonne
| Date | Rate | Period | Change |
| 07-Jun | 1947 | | |
| 31-May | 1973 | WoW | -1.34% |
| 08-May | 2026 | MoM | -3.90% |
| 08-Mar | 2130 | QoQ | -8.62% |
| 07-Jun'11 | 2664 | YoY | -26.93% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 31-May | 04-Jun | 05-Jun | 06-Jun | 07-Jun |
| 7516 | 7516 | 7516 | 7459 | 7480 |
In USD per tonne
| Date | Rate | Period | Change |
| 07-Jun | 7480 | | |
| 31-May | 7516 | WoW | -0.48% |
| 08-May | 8233 | MoM | -9.15% |
| 08-Mar | 8388 | QoQ | -10.82% |
| 07-Jun'11 | 9092 | YoY | -17.73% |
In USD per tonne
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Products covered
1. Input materials - Iron ore, scrap, sponge iron, pig iron pencil ingot, billets and blooms
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3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes
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Source - Steel Price India
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