Base metals at LME continued to move in negative territory last week as a firm dollar, weak German and US data and a downgrade to some of the world's leading banks deepened concerns about the global economy and demand for raw materials.
Investors have been retreating from riskier assets after China's factory sector shrank for an eighth straight month, business activity in the euro area contracted for a fifth month and US manufacturing grew at its slowest pace in 11 months.
The sharp decline in industrial metals prices has prompted many producers to review expansion projects, with some getting postponed until a clearer demand picture emerges.
The mood in the base metal markets remains generally downbeat with global growth concerns weighing heavily on sentiment For now, base metals prices may fall further before any strong rally sets in.
London Metal Exchange Rates
Cash Buyer
| Product | 14-Jun | 21-Jun | Change | % |
| Zinc | 1886 | 1847 | -39 | -2% |
| Nickel | 16750 | 16775 | 25 | 0% |
| Tin | 19450 | 19190 | -260 | -1% |
| Aluminium | 1924 | 1842 | -83 | -4% |
| Copper | 7376 | 7426 | 50 | 1% |
Change is on June 21st as compared to 14th June 2012
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 14-Jun | 18-Jun | 19-Jun | 20-Jun | 21-Jun |
| 1886 | 1894 | 1876 | 1886 | 1847 |
In USD per tonne
| Date | Rate | Period | Change |
| 21-Jun | 1847 | | |
| 14-Jun | 1886 | WoW | -2.07% |
| 21-May | 1902 | MoM | -2.87% |
| 21-Mar | 2026 | QoQ | -8.81% |
| 21-Jun'11 | 2187 | YoY | -15.53% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 14-Jun | 18-Jun | 19-Jun | 20-Jun | 21-Jun |
| 16750 | 16620 | 16670 | 17035 | 16775 |
In USD per tonne
| Date | Rate | Period | Change |
| 21-Jun | 16775 | | |
| 14-Jun | 16750 | WoW | 0.15% |
| 21-May | 16770 | MoM | 0.03% |
| 21-Mar | 18875 | QoQ | -11.13% |
| 21-Jun'11 | 21950 | YoY | -23.58% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 14-Jun | 18-Jun | 19-Jun | 20-Jun | 21-Jun |
| 19450 | 19425 | 19495 | 19500 | 19190 |
In USD per tonne
| Date | Rate | Period | Change |
| 21-Jun | 19190 | | |
| 14-Jun | 19450 | WoW | -1.34% |
| 21-May | 19400 | MoM | -1.08% |
| 21-Mar | 23300 | QoQ | -17.64% |
| 21-Jun'11 | 25250 | YoY | -24.00% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 14-Jun | 18-Jun | 19-Jun | 20-Jun | 21-Jun |
| 1924 | 1882 | 1878 | 1879 | 1842 |
In USD per tonne
| Date | Rate | Period | Change |
| 21-Jun | 1842 | | |
| 14-Jun | 1924 | WoW | -4.29% |
| 21-May | 2004 | MoM | -8.09% |
| 21-Mar | 2192 | QoQ | -15.99% |
| 21-Jun'11 | 2519 | YoY | -26.90% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 14-Jun | 18-Jun | 19-Jun | 20-Jun | 21-Jun |
| 7376 | 7475 | 7505 | 7555 | 7426 |
In USD per tonne
| Date | Rate | Period | Change |
| 21-Jun | 7426 | | |
| 14-Jun | 7376 | WoW | 0.67% |
| 21-May | 7800 | MoM | -4.80% |
| 21-Mar | 8470 | QoQ | -12.33% |
| 21-Jun'11 | 9059 | YoY | -18.03% |
In USD per tonne
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Sourced - Steel Price India
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