Base metals at LME slumped last week on concern the European debt crisis may derail the global economic recovery, dimming prospects for metals demand.
Metals also tumbled after sales of new homes in Shanghai slowed to a five year low last week, raising concern that property demand will continue to slide after China increased minimum mortgage rates, restricted pre sales by developers and tightened controls on purchases of second and third properties.
China is reining in monetary policy to slow its red hot growth, and investors fear this could hit the demand outlook.
Germany approved on Friday its contribution to a USD 1 trillion safety net for blighted euro zone nations, but Spanish workers raised the prospect of fresh unrest after a union said it would probably try to call a general strike.
Mr Randy North a trader at RBC Capital Markets told Reuters “The dollar is a bit weaker, that's helping but sentiment still seems to be negative. Everybody's tentative, it's just short covering interest, there's no fresh longs coming into the market,”
London Metal Exchange Rates
Cash Buyer
Product 13-May 20-May Change %
Zinc 2073 1817 -256 -12%
Nickel 22675 21045 -1630 -7%
Tin 17625 17105 -520 -3%
Aluminium 2116 1947 -169 -8%
Copper 7010 6499 -511 -7%
Change is on May 20th 2010 as compared to May 13th 2010
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
13-May 17-May 18-May 19-May 20-May
2073 1967 1893 1822 1817
In USD per tonne
Date Rate Period Change
20-May 1817
13-May 2073 WoW -12.33%
22-Apr 2385 MoM -23.82%
19-Feb 2250 QoQ -19.24%
20-May'09 1448 YoY 25.48%
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
13-May 17-May 18-May 19-May 20-May
22675 21025 21470 21050 21045
In USD per tonne
Date Rate Period Change
Date Rate Period Change
20-May 21045
13-May 22675 WoW -7.19%
22-Apr 26980 MoM -22.00%
19-Feb 20230 QoQ 4.03%
20-May'09 12430 YoY 69.31%
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
13-May 17-May 18-May 19-May 20-May
17625 17650 17100 17100 17105
In USD per tonne
Date Rate Period Change
20-May 17105
13-May 17625 WoW -2.95%
22-Apr 18815 MoM -9.09%
19-Feb 16645 QoQ 2.76%
20-May'09 13950 YoY 22.62%
In USD per tonne
4. Aluminium
London Metal Exchange Rates
13-May 17-May 18-May 19-May 20-May
2116 2010 2005 1968 1947
In USD per tonne
Date Rate Period Change
20-May 1947
13-May 2116 WoW -7.99%
22-Apr 2293 MoM -15.09%
19-Feb 2076 QoQ -6.21%
20-May'09 1451 YoY 34.18%
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
13-May 17-May 18-May 19-May 20-May
7010 6720 6605 6465 6499
In USD per tonne
Date Rate Period Change
20-May 6499
13-May 7010 WoW -7.29%
22-Apr 7661 MoM -15.16%
19-Feb 7086 QoQ -8.28%
20-May'09 4539 YoY 43.20%
In USD per tonne
www.steelprices-india.com 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.
As steel in each category comes in hundreds of grades shapes and sizes, we have taken benchmark products in each category at select locations to cover the entire basket of garden variety of steel products including input material for steel making and processing.
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
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Base prices or effective, as per market trends
3. Average transaction levels which have settled well, based on continuous interactions with domestic mills, overseas suppliers, importers stockiest & service centers and buyers
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
Price basis
Without ED and VAT for all products except for rebar and sections
Input Materials
A. Domestic
Product Locations
Ship Scrap Alang
Melting scrap Chennai, Hyderabad, Kandla, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur
Plate cuttings Alang
Sponge iron Bellary, Kolkata, Raigarh, Raipur, Rourkela
Pig Iron Agra, Jallandhar, Kolkata, Raipur
Iron ore Barbil ,Bellary
Pencil ingot Ahmedabad, Bhiwari, Durgapur, Ghaziabad, Hyderabad, Jaipur, Jamshedpur, Kanpur, Kolkata, Mandi, Mumbai, Muzzafarnagar, Nagpur, Raigarh, Raipur, Rourkela, Rudrapur
Billet Hyderabad, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur
Bloom Kanpur, Kolkata, Mandi, Rudrapur
Updation: Daily
B. International
Product Location
Scrap Rotterdam, Turkey
Iron ore Indian Ports
Billets CIS, China & Turkey
Updation: Weekly
Long Products
Product Locations
Rebars Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Indore, Kanpur, Kolkata, Mandi, Mumbai, Rudrapur
Wire Rods Chennai, Delhi, Kanpur, Kolkata, Raipur, Rudrapur
Sections Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mandi, Mumbai, Raipur, Rudrapur
Updation: Daily
B. International levels
Product Location
Rebars CIS, China, Turkey
Wire Rods CIS, China, Turkey
Updation: Weekly
Flat Products
A. Domestic levels
Products Locations
HR Ahmedabad, Bangalore , Chennai, Delhi, Indore, Kanpur, Kolkata, Ludhiana, Mumbai, Pune, Rudrapur
CR Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur
HDG Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Pune, Rudrapur
Plates Ahmedabad, Bangalore, Chennai, Delhi, Indore, Kanpur, Kolkata, Mumbai, Raipur, Rudrapur
Updation: Daily
B. International levels
Product Location
HR CIS , China
CR CIS , China
HDG CIS , China
Plates CIS , China & India
Updation: Weekly
Others
Pipes
Black pipes Heavy and GI pipes Medium
Delhi Kolkata, Chennai, Ludhiana and Mandi
Size
1/2"
3/4"
1"
1 1/4"
1 1/2"
2"
2 1/2"
3"
4"
5"
6"
Updation: Daily
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
Subscription charges for 12 months access
If you would like two or more access licenses to www.steelprices-europe.com for your company, a multi-user license is required and is more cost effective and easier to manage than having numerous individual subscriptions. The rate chart is as under
If you would like two or more access licenses to Steelprices-india.com for your company, a multi user license is required and is more cost effective and easier to manage than having numerous individual subscriptions.
Single 2-5 6-12 13-25 26-40 40-60
60000 120000 200000 400000 600000 800000
In INR +10.03% Service Tax
Single 2-5 6-12 13-25 26-40 40-60
1500 3000 5000 10000 15000 20000
In USD
How to subscribe
Register at www.steelprices-india.com and pay on line or ask for invoice. You can also send mail to admin@steelprices-india.com.
Sunday, May 23, 2010
Monday Market Monitor - Metals - WEEK 20 - Tumble on Greek woes
0 comments:
Post a Comment