Base metals continued on weakening trend last week as the European debt crisis remained unresolved, denting demand prospects. Risk aversion also pushed up the US dollar, which put additional pressure on industrial metals prices, although better sentiments prevailed on Friday due to a retreating dollar and firm US economic data.
Base metals have fallen this year as Europe's problems stunt economic growth, sap banks' lending for commodity trading and threaten to dampen demand for goods exported by emerging nations.
London Metal Exchange Rates
Cash Buyer
| Product | 08-Dec | 15-Dec | Change | % |
| Zinc | 2005 | 1860 | -145 | -7% |
| Nickel | 18125 | 17825 | -300 | -2% |
| Tin | 20400 | 18605 | -1795 | -9% |
| Aluminium | 2059 | 1982 | -77 | -4% |
| Copper | 7800 | 7264 | -537 | -7% |
Change is on Dec 15th as compared to 8th Dec 2011
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
| 08-Dec | 12-Dec | 13-Dec | 14-Dec | 15-Dec |
| 2005 | 1955 | 1933 | 1873 | 1860 |
In USD per tonne
| Date | Rate | Period | Change |
| 15-Dec | 1860 | | |
| 08-Dec | 2005 | WoW | -7.23% |
| 15-Nov | 1905 | MoM | -2.36% |
| 15-Sep | 2161 | QoQ | -13.91% |
| 15-Dec'10 | 2304 | YoY | -19.27% |
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
| 08-Dec | 12-Dec | 13-Dec | 14-Dec | 15-Dec |
| 18125 | 18260 | 18385 | 17825 | 17825 |
In USD per tonne
| Date | Rate | Period | Change |
| 15-Dec | 17825 | | |
| 08-Dec | 18125 | WoW | -1.66% |
| 15-Nov | 17610 | MoM | 1.22% |
| 15-Sep | 21645 | QoQ | -17.65% |
| 15-Dec'10 | 22500 | YoY | -20.78% |
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
| 08-Dec | 12-Dec | 13-Dec | 14-Dec | 15-Dec |
| 20400 | 19945 | 19505 | 18610 | 18605 |
In USD per tonne
| Date | Rate | Period | Change |
| 15-Dec | 18605 | | |
| 08-Dec | 20400 | WoW | -8.80% |
| 15-Nov | 21550 | MoM | -13.67% |
| 15-Sep | 23450 | QoQ | -20.66% |
| 15-Dec'10 | 25560 | YoY | -27.21% |
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
| 08-Dec | 12-Dec | 13-Dec | 14-Dec | 15-Dec |
| 2059 | 2026 | 2020 | 1976 | 1982 |
In USD per tonne
| Date | Rate | Period | Change |
| 15-Dec | 1982 | | |
| 08-Dec | 2059 | WoW | -3.74% |
| 15-Nov | 2117 | MoM | -6.38% |
| 15-Sep | 2338 | QoQ | -15.23% |
| 15-Dec'10 | 2350 | YoY | -15.64% |
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
| 08-Dec | 12-Dec | 13-Dec | 14-Dec | 15-Dec |
| 7800 | 7611 | 7585 | 7350 | 7264 |
In USD per tonne
| Date | Rate | Period | Change |
| 15-Dec | 7264 | | |
| 08-Dec | 7800 | WoW | -6.88% |
| 15-Nov | 7632 | MoM | -4.82% |
| 15-Sep | 8709 | QoQ | -16.60% |
| 15-Dec'10 | 8589 | YoY | -15.43% |
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.
3. Call at 0091-124-3007891/2/3
(Sourced from www.steelprices-india.com)
