Jaway Stainless Steel

Metals Market Monitor WEEK 04 - Remain in positive mode

The Shanghai Futures Exchange remained closed last week for the Lunar New Year holiday.
Base metals witnessed yet another week of gains a LME, although some of them slipped a bit on Friday.
The major factors inducing positive sentiments include signs of a modest US economic recovery and data showing falling inventory levels of the metal although a firm dollar and concerns over the euro zone economy restrained more gains.

Federal Reserve Chairman Mr Ben Bernanke said last week the US central bank was ready to offer the economy additional stimulus after it announced it was likely to keep interest rates near zero until at least late 2014.

London Metal Exchange Rates
Cash Buyer

Product 19-Jan 26-Jan Change %
Zinc 2011 2178 167 8%
Nickel 19670 21345 1675 9%
Tin 21975 23325 1350 6%
Aluminium 2181 2232 51 2%
Copper 8350 8555 205 2%


Change is on Jan 19th as compared to 12th Jan 2012
In USD per tonne

1. Zinc

London Metal Exchange Rates
Cash Buyer

19-Jan 23-Jan 24-Jan 25-Jan 26-Jan
2011 2015 2052 2095 2178


In USD per tonne

Date Rate Period Change
26-Jan 2178  
19-Jan 2011 WoW 8.30%
26-Dec 1846 MoM 17.98%
26-Oct 1842 QoQ 18.24%
26-Jan'11 2239 YoY -2.70%


In USD per tonne

2. Nickel

London Metal Exchange Rates
Cash Buyer

19-Jan 23-Jan 24-Jan 25-Jan 26-Jan
19670 20615 20290 20505 21345


In USD per tonne

Date Rate Period Change
26-Jan 21345  
19-Jan 19670 WoW 8.52%
26-Dec 18625 MoM 14.60%
26-Oct 19630 QoQ 8.74%
26-Jan'11 26150 YoY -18.37%


In USD per tonne

3. Tin

London Metal Exchange Rates
Cash Buyer

19-Jan 23-Jan 24-Jan 25-Jan 26-Jan
21975 21930 21855 21995 23325


In USD per tonne

Date Rate Period Change
26-Jan 23325  
19-Jan 21975 WoW 6.14%
26-Dec 19375 MoM 20.39%
26-Oct 21805 QoQ 6.97%
26-Jan'11 28510 YoY -18.19%


In USD per tonne

4. Aluminium

London Metal Exchange Rates
Cash Buyer

19-Jan 23-Jan 24-Jan 25-Jan 26-Jan
2181 2193 2190 2186 2232


In USD per tonne

Date Rate Period Change
26-Jan 2232  
19-Jan 2181 WoW 2.34%
26-Dec 1991 MoM 12.08%
26-Oct 2194 QoQ 1.71%
26-Jan'11 2363 YoY -5.54%


In USD per tonne

5. Copper

London Metal Exchange Rates
Cash Buyer

19-Jan 23-Jan 24-Jan 25-Jan 26-Jan
8350 8332 8267 8270 8555


In USD per tonne

Date Rate Period Change
26-Jan 8555  
19-Jan 8350 WoW 2.46%
26-Dec 7590 MoM 12.72%
26-Oct 7720 QoQ 10.82%
26-Jan'11 9375 YoY -8.75%


In USD per tonne