Base metals posted major recovery last week after stronger housing data from the United States and China eased concerns about the impact on demand for industrial metals from a slowdown in the global economy.
In the United States, data showed groundbreaking of new homes rose in June to its highest pace in over three years, easing some worries about an economy showing signs of cooling.
Data showed China's home prices broke eight straight months of decline to rise in June. In physical markets, traders said their copper sales were much lower compared to a year ago.
Prices were also propped up by signs that China could announce further monetary easing measures soon after Premier Mr Wen Jiabao said the government would step up efforts to boost the economy in the second half.
Gains were capped, however, by the euro zone's financial woes, especially after German Chancellor Ms Angela Merkel said a solution to the bloc's problems was not yet in sight.
Cash Buyer
| Product | 12-Jul | 19-Jul | Change | % |
| Zinc | 1833 | 1883 | 50 | 3% |
| Nickel | 15835 | 16175 | 340 | 2% |
| Tin | 18470 | 19200 | 730 | 4% |
| Aluminium | 1835 | 1909 | 74 | 4% |
| Copper | 7505 | 7765 | 260 | 3% |
Change is on July 19th as compared to 12th July 2012
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 12-Jul | 16-Jul | 17-Jul | 18-Jul | 19-Jul |
| 1833 | 1857 | 1885 | 1852 | 1883 |
In USD per tonne
| Date | Rate | Period | Change |
| 19-Jul | 1883 | | |
| 12-Jul | 1833 | WoW | 2.73% |
| 19-Jun | 1876 | MoM | 0.35% |
| 19-Apr | 1985 | QoQ | -5.14% |
| 19-Jul'11 | 2438 | YoY | -22.77% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 12-Jul | 16-Jul | 17-Jul | 18-Jul | 19-Jul |
| 15835 | 15955 | 16100 | 15980 | 16175 |
In USD per tonne
| Date | Rate | Period | Change |
| 19-Jul | 16175 | | |
| 12-Jul | 15835 | WoW | 2.15% |
| 19-Jun | 16670 | MoM | -2.97% |
| 19-Apr | 17600 | QoQ | -8.10% |
| 19-Jul'11 | 23950 | YoY | -32.46% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 12-Jul | 16-Jul | 17-Jul | 18-Jul | 19-Jul |
| 18470 | 18740 | 18850 | 18650 | 19200 |
In USD per tonne
| Date | Rate | Period | Change |
| 19-Jul | 19200 | | |
| 12-Jul | 18470 | WoW | 3.95% |
| 19-Jun | 19495 | MoM | -1.51% |
| 19-Apr | 21055 | QoQ | -8.81% |
| 19-Jul'11 | 27550 | YoY | -30.31% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 12-Jul | 16-Jul | 17-Jul | 18-Jul | 19-Jul |
| 1835 | 1861 | 1888 | 1868 | 1909 |
In USD per tonne
| Date | Rate | Period | Change |
| 19-Jul | 1909 | | |
| 12-Jul | 1835 | WoW | 4.01% |
| 19-Jun | 1878 | MoM | 1.62% |
| 19-Apr | 2016 | QoQ | -5.33% |
| 19-Jul'11 | 2482 | YoY | -23.09% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 12-Jul | 16-Jul | 17-Jul | 18-Jul | 19-Jul |
| 7505 | 7635 | 7670 | 7595 | 7765 |
In USD per tonne
| Date | Rate | Period | Change |
| 19-Jul | 7765 | | |
| 12-Jul | 7505 | WoW | 3.46% |
| 19-Jun | 7505 | MoM | 3.46% |
| 19-Apr | 8045 | QoQ | -3.49% |
| 19-Jul'11 | 9755 | YoY | -20.40% |
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
2. Long products - Rebar, wire rod, angle, channel and joists
3. Flat products - Narrow plates, wide plates, HR, CR and galvanized
4. Others - Pipes
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1. Register at www.steelprices-india.com and pay on line or ask for invoice
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Source - Steel Price India
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