Trade Resources Economy Change Is on 29th November as Compared to 22nd November 2012

Change Is on 29th November as Compared to 22nd November 2012

Base metals at LME posted major recovery last week on signs of improved demand for the industrial metal from China and the US highlighting market's belief that demand is going to be significantly improved in 2013.

London Metal Exchange Rates
Cash Buyer

Product 22-Nov 29-Nov Change %
Zinc 1898 2006 108 6%
Nickel 16680 17200 520 3%
Tin 20550 21605 1055 5%
Aluminium 1915 2045 130 7%
Copper 7716 7850 134 2%

In USD per tonne

1. Zinc

London Metal Exchange Rates
Cash Buyer

22-Nov 26-Nov 27-Nov 28-Nov 29-Nov
1898 1967 1971 1956 2006

In USD per tonne

Date Rate Period Change
29-Nov 2006    
22-Nov 1898 WoW 5.69%
29-Oct 1784 MoM 12.42%
29-Aug 1834 QoQ 9.35%
29-Nov'11 1935 YoY 3.64%

In USD per tonne

2. Nickel

London Metal Exchange Rates
Cash Buyer

22-Nov 26-Nov 27-Nov 28-Nov 29-Nov
16680 16670 16665 16875 17200

In USD per tonne

Date Rate Period Change
29-Nov 17200    
22-Nov 16680 WoW 3.12%
29-Oct 15865 MoM 8.41%
29-Aug 16230 QoQ 5.98%
29-Nov'11 16975 YoY 1.33%

In USD per tonne

3. Tin

London Metal Exchange Rates
Cash Buyer

22-Nov 26-Nov 27-Nov 28-Nov 29-Nov
20550 20800 21130 21240 21605

In USD per tonne


Date Rate Period Change
29-Nov 21605    
22-Nov 20550 WoW 5.13%
29-Oct 19840 MoM 8.90%
29-Aug 20250 QoQ 6.69%
29-Nov'11 20450 YoY 5.65%

In USD per tonne

4. Aluminium

London Metal Exchange Rates
Cash Buyer

22-Nov 26-Nov 27-Nov 28-Nov 29-Nov
1915 1976 2003 1992 2045

In USD per tonne

Date Rate Period Change
29-Nov 2045    
22-Nov 1915 WoW 6.79%
29-Oct 1873 MoM 9.18%
29-Aug 1872 QoQ 9.24%
29-Nov'11 1990 YoY 2.76%

In USD per tonne

5. Copper

London Metal Exchange Rates
Cash Buyer

22-Nov 26-Nov 27-Nov 28-Nov 29-Nov
7716 7770 7796 7719 7850

In USD per tonne

Date Rate Period Change
29-Nov 7850    
22-Nov 7716 WoW 1.74%
29-Oct 7719 MoM 1.69%
29-Aug 7524 QoQ 4.33%
29-Nov'11 7448 YoY 5.40%

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

Source: http://www.steelguru.com/metals_news/Monday_Market_Monitor_Metals_WEEK_48_Winter_Recovery/293864.html
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Monday Market Monitor - Metals - WEEK 48 - Winter Recovery
Topics: Metallurgy