Base metals at LME climbed last week buoyed by recovering risk appetite after a rally in global equities underpinned by expectations of robust corporate earnings.
London Metal Exchange Rates
Cash Buyer
Product 01-Jul 08-Jul Change %
Zinc 1726 1829 103 6%
Nickel 19125 19300 175 1%
Tin 17400 17665 265 2%
Aluminium 1928 1976 49 3%
Copper 6353 6641 288 5%
Change is on July 8th 2010 as compared to July 1st 2010
In USD per tonne
1. Zinc
London Metal Exchange Rates
Cash Buyer
01-Jul 05-Jul 06-Jul 07-Jul 08-Jul
1726 1764 1814 1809 1829
In USD per tonne
Date Rate Period Change
08-Jul 1829
01-Jul 1726 WoW 5.97%
08-Jun 1623 MoM 12.73%
08-Apr 2324 QoQ -21.30%
08-Jul'09 1517 YoY 20.57%
In USD per tonne
2. Nickel
London Metal Exchange Rates
Cash Buyer
01-Jul 05-Jul 06-Jul 07-Jul 08-Jul
19125 18770 18850 18980 19300
In USD per tonne
Date Rate Period Change
08-Jul 19300
01-Jul 19125 WoW 0.92%
08-Jun 17950 MoM 7.52%
08-Apr 24435 QoQ -21.01%
08-Jul'09 15445 YoY 24.96%
In USD per tonne
3. Tin
London Metal Exchange Rates
Cash Buyer
01-Jul 05-Jul 06-Jul 07-Jul 08-Jul
17400 17245 17430 17600 17665
In USD per tonne
Date Rate Period Change
08-Jul 17665
01-Jul 17400 WoW 1.52%
08-Jun 15825 MoM 11.63%
08-Apr 18575 QoQ -4.90%
08-Jul'09 14100 YoY 25.28%
In USD per tonne
4. Aluminium
London Metal Exchange Rates
Cash Buyer
01-Jul 05-Jul 06-Jul 07-Jul 08-Jul
1928 1910 1945 1954 1976
In USD per tonne
Date Rate Period Change
08-Jul 1976
01-Jul 1928 WoW 2.52%
08-Jun 1850 MoM 6.81%
08-Apr 2295 QoQ -13.90%
08-Jul'09 1561 YoY 26.59%
In USD per tonne
5. Copper
London Metal Exchange Rates
Cash Buyer
01-Jul 05-Jul 06-Jul 07-Jul 08-Jul
6353 6439 6522 6545 6641
In USD per tonne
Date Rate Period Change
08-Jul 6641
01-Jul 6353 WoW 4.53%
08-Jun 6091 MoM 9.03%
08-Apr 7795 QoQ -14.81%
08-Jul'09 4849 YoY 36.95%
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
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
Currency Single 2-5 6-12 13-25 26-40 40-60
INR 66,000 132,000 220,000 440,000 660,000 880,000
USD 1,650 3,300 5,500 11,000 16,500 22,000
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)
Sunday, July 11, 2010
Monday Market Monitor - Metals - WEEK 27 - Confidence is back
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