All base metals, with the exception of tin, continued to crash last week reflecting that global economic conditions have eroded the confidence of investors.
Tin, buoyed by the news that Indonesian smelters have decided to stop export till prices recover, was the sole exception.
London Metal Exchange Rates
Cash Buyer
| Product | 22-Sep | 29-Sep | Change | % |
| Zinc | 1982 | 1870 | -112 | -6% |
| Nickel | 19500 | 18450 | -1050 | -5% |
| Tin | 20150 | 20600 | 450 | 2% |
| Aluminium | 2225 | 2185 | -40 | -2% |
| Copper | 7790 | 6975 | -815 | -10% |
Change is on Sep 29th as compared to 22nd Sep 2011
In USD per tonne
Last 15 days
| Product | 15-Sep | 29-Sep | Change | % |
| Zinc | 2161 | 1870 | -291 | -13% |
| Nickel | 21645 | 18450 | -3195 | -15% |
| Tin | 23450 | 20600 | -2850 | -12% |
| Aluminium | 2338 | 2185 | -153 | -7% |
| Copper | 8709 | 6975 | -1734 | -20% |
Change is on Sep 29th as compared to 15th Sep 2011
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 22-Sep | 26-Sep | 27-Sep | 28-Sep | 29-Sep |
| 1982 | 1858 | 1905 | 1918 | 1870 |
In USD per tonne
| Date | Rate | Period | Change |
| 29-Sep | 1870 | | |
| 22-Sep | 1982 | WoW | -5.63% |
| 29-Aug | 2210 | MoM | -15.38% |
| 29-Jun | 2260 | QoQ | -17.26% |
| 29-Sep'10 | 2187 | YoY | -14.48% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 22-Sep | 26-Sep | 27-Sep | 28-Sep | 29-Sep |
| 19500 | 18375 | 18665 | 18605 | 18450 |
In USD per tonne
| Date | Rate | Period | Change |
| 29-Sep | 18450 | | |
| 22-Sep | 19500 | WoW | -5.38% |
| 29-Aug | 21250 | MoM | -13.18% |
| 29-Jun | 22880 | QoQ | -19.36% |
| 29-Sep'10 | 23195 | YoY | -20.46% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 22-Sep | 26-Sep | 27-Sep | 28-Sep | 29-Sep |
| 20150 | 20795 | 21500 | 21200 | 20600 |
In USD per tonne
| Date | Rate | Period | Change |
| 29-Sep | 20600 | | |
| 22-Sep | 20150 | WoW | 2.23% |
| 29-Aug | 23700 | MoM | -13.08% |
| 29-Jun | 25305 | QoQ | -18.59% |
| 29-Sep'10 | 24350 | YoY | -15.40% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 22-Sep | 26-Sep | 27-Sep | 28-Sep | 29-Sep |
| 2225 | 2195 | 2193 | 2205 | 2185 |
In USD per tonne
| Date | Rate | Period | Change |
| 29-Sep | 2185 | | |
| 22-Sep | 2225 | WoW | -1.78% |
| 29-Aug | 2329 | MoM | -6.16% |
| 29-Jun | 2491 | QoQ | -12.28% |
| 29-Sep'10 | 2293 | YoY | -4.71% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 22-Sep | 26-Sep | 27-Sep | 28-Sep | 29-Sep |
| 7790 | 7225 | 7527 | 7415 | 6975 |
In USD per tonne
| Date | Rate | Period | Change |
| 29-Sep | 6975 | | |
| 22-Sep | 7790 | WoW | -10.46% |
| 29-Aug | 9090 | MoM | -23.27% |
| 29-Jun | 9175 | QoQ | -23.98% |
| 29-Sep'10 | 8016 | YoY | -12.99% |
In USD per tonne
If volatility in steel prices is affecting your business, keep tab on market realities and trends by subscribing to www.steelprices-india.com, which is a comprehensive portal that provides domestic pricing information for benchmark steel products in each category at select location in India on a regular basis 5 days a week and international price levels on a weekly basis.
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
How to subscribe
1. Register at www.steelprices-india.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-india.com.
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(Sourced from www.steelprices-india.com)
