Base metals at LME exhibited tendency to recover from the mayhem in previous 2-3 weeks as investors viewed the latest US and Chinese economic data as positive and worries about the euro zone eased a bit.
An analyst with TD Securities said in a note that industrially focused metals should all continue to get a boost from an increase in risk appetite and lower volatility in the near term.
RBC Capital Markets said in a note “Further successes over the coming months would definitely be constructive for metals prices.”
London Metal Exchange Rates
Cash Buyer
| Product | 06-Oct | 13-Oct | Change | % |
| Zinc | 1843 | 1889 | 46 | 2% |
| Nickel | 18725 | 18470 | -255 | -1% |
| Tin | 22100 | 22490 | 390 | 2% |
| Aluminium | 2170 | 2178 | 8 | 0% |
| Copper | 7095 | 7328 | 233 | 3% |
Change is on Oct 13th as compared to 6th Oct 2011
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 06-Oct | 10-Oct | 11-Oct | 12-Oct | 13-Oct |
| 1843 | 1903 | 1880 | 1929 | 1889 |
In USD per tonne
| Date | Rate | Period | Change |
| 13-Oct | 1889 | | |
| 06-Oct | 1843 | WoW | 2.50% |
| 13-Sep | 2177 | MoM | -13.23% |
| 13-Jul | 2345 | QoQ | -19.45% |
| 13-Oct'10 | 2381 | YoY | -20.65% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 06-Oct | 10-Oct | 11-Oct | 12-Oct | 13-Oct |
| 18725 | 18830 | 18840 | 18920 | 18470 |
In USD per tonne
| Date | Rate | Period | Change |
| 13-Oct | 18470 | | |
| 06-Oct | 18725 | WoW | -1.36% |
| 13-Sep | 21275 | MoM | -13.18% |
| 13-Jul | 23705 | QoQ | -22.08% |
| 13-Oct'10 | 24105 | YoY | -23.38% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 06-Oct | 10-Oct | 11-Oct | 12-Oct | 13-Oct |
| 22100 | 22950 | 22245 | 22350 | 22490 |
In USD per tonne
| Date | Rate | Period | Change |
| 13-Oct | 22490 | | |
| 06-Oct | 22100 | WoW | 1.76% |
| 13-Sep | 23505 | MoM | -4.32% |
| 13-Jul | 26600 | QoQ | -15.45% |
| 13-Oct'10 | 26700 | YoY | -15.77% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 06-Oct | 10-Oct | 11-Oct | 12-Oct | 13-Oct |
| 2170 | 2185 | 2184 | 2202 | 2178 |
In USD per tonne
| Date | Rate | Period | Change |
| 13-Oct | 2178 | | |
| 06-Oct | 2170 | WoW | 0.37% |
| 13-Sep | 2354 | MoM | -7.50% |
| 13-Jul | 2450 | QoQ | -11.12% |
| 13-Oct'10 | 2388 | YoY | -8.81% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 06-Oct | 10-Oct | 11-Oct | 12-Oct | 13-Oct |
| 7095 | 7313 | 7215 | 7415 | 7328 |
In USD per tonne
| Date | Rate | Period | Change |
| 13-Oct | 7328 | | |
| 06-Oct | 7095 | WoW | 3.28% |
| 13-Sep | 8757 | MoM | -16.32% |
| 13-Jul | 9658 | QoQ | -24.13% |
| 13-Oct'10 | 8398 | YoY | -12.75% |
In USD per tonne
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