News & Trends
Monday Market Monitor - Metals - WEEK 05 - Recovery on weekend - 06 Feb, 2012
Base metals at LME feel last week ahead of a key US jobs report that could shed more light on the pace of US economic growth. But they recovered a bit on Friday after a sharp improvement in the job market and higher factory orders raised hopes for stronger demand.

That ended an erratic week of small losses as investors looked for clues about what's ahead for the global economy.

The government said 243,000 jobs were added in January across a broad array of industries. Manufacturing alone added 50,000 jobs, the most in a year. Januarys unemployment rate dropped to 8.3 percent and factory orders rose 1.1 percent in December.

Separately, a trade group said service companies grew at the fastest pace in 11 months in January as companies hired workers to keep up with demand.

The data pointed to an improving US economy.

London Metal Exchange Rates (Upto Thursday)
Cash Buyer
Product26-Jan02-FebChange%
Zinc21782093-86-4%
Nickel2134520900-445-2%
Tin23325240507253%
Aluminium22322200-32-1%
Copper85558339-217-3%

Change is on Feb 2nd as compared to 26th Jan 2012
In USD per tonne

1. Zinc

London Metal Exchange Rates
Cash Buyer
26-Jan30-Jan31-Jan01-Feb02-Feb
21782095212520912093

In USD per tonne

Date
DateRatePeriodChange
02-Feb2093
26-Jan2178WoW-3.93%
02-Jan1827MoM14.53%
02-Nov1915QoQ9.27%
02-Feb'112442YoY-14.31%

In USD per tonne

2. Nickel

London Metal Exchange Rates
Cash Buyer
26-Jan30-Jan31-Jan01-Feb02-Feb
2134521365211252086520900

In USD per tonne

Date
DateRatePeriodChange
02-Feb20900
26-Jan21345WoW-2.08%
02-Jan18275MoM14.36%
02-Nov18650QoQ12.06%
02-Feb'1127710YoY-24.58%

In USD per tonne

3. Tin

London Metal Exchange Rates
Cash Buyer
26-Jan30-Jan31-Jan01-Feb02-Feb
2332524045242852405524050

In USD per tonne

Date
DateRatePeriodChange
02-Feb24050
26-Jan23325WoW3.11%
02-Jan18945MoM26.95%
02-Nov21600QoQ11.34%
02-Feb'1130540YoY-21.25%

In USD per tonne

4. Aluminium

London Metal Exchange Rates
Cash Buyer
26-Jan30-Jan31-Jan01-Feb02-Feb
22322210225722192200

In USD per tonne

DateRatePeriodChange
02-Feb2200
26-Jan2232WoW-1.41%
02-Jan1970MoM11.68%
02-Nov2103QoQ4.61%
02-Feb'112522YoY-12.77%

In USD per tonne

5. Copper

London Metal Exchange Rates
Cash Buyer
26-Jan30-Jan31-Jan01-Feb02-Feb
85558398848583518339

In USD per tonne

DateRatePeriodChange
02-Feb8339
26-Jan8555WoW-2.53%
02-Jan7554MoM10.39%
02-Nov7912QoQ5.40%
02-Feb'119940YoY-16.11%

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)




Today's News
Clips
0blt1 Chinese domestic HR steel prices update on May 17
0blt1 Chinese domestic steel rebar prices update on May 17
0blt1 Chinese domestic steel billet price update on May 17
0blt1 Chinese domestic CR steel price update on May 17
0blt1 Chinese domestic steel wire rod price update on May 17
0blt1 Chinese domestic steel plate price update on May 17
0blt1 Chinese domestic pig iron prices update on May 17
0blt1 Chinese domestic narrow HR strip prices update on May 17
0blt1 Chinese domestic galvanized steel HDG price update on May 17
0blt1 Chinese domestic steel Angle price update on May 17
0blt1 Chinese domestic steel channel price update on May 17
0blt1 Chinese domestic steel beam price update on May 17
Announcements
0blt1 Turkish crude steel output growth slows in April
News And Trends
0blt1 Long steel product market nose dives as the economy dithers in India
0blt1 Indian steel price index down further by 11 points on May 17
0blt1 Sponge iron price crashes at major places on May 17
0blt1 Rebar TMT QST price movement in India on May 17
0blt1 Pencil ingot price movement in major places on May 17
0blt1 Steel plate cuttings price crashes at Alang on May 17
0blt1 Steel angle price crashes in Kanpur and Ahmedabad on May 17
0blt1 Steel light channel price update on May 17
0blt1 Steel melting scrap price movement on May 17
0blt1 Pig iron price update on May 17
0blt1 Steel wire rod price down in Kanpur on May 17
0blt1 Steel joist I Beam prices scenario in major places on May 17
0blt1 Patra Narrow HR steel strips price fall in Mandi on May 17
0blt1 HR steel price update on May 17
0blt1 Narrow HR steel plate price on May 17
0blt1 Wide steel plate price fall in Kanpur on May 17
0blt1 CR steel price movement on May 17
0blt1 GP steel HDG price update on May 17
0blt1 GC steel HDG price update on May 17
0blt1 Global HRB prices trending down in May
0blt1 Chinese steel price index continue to decrease on May 17
0blt1 Tokyo Steel scrap price cut brings few reactions
0blt1 Taiwan purchase deep sea scraps at USD 475 per tonne CNF
0blt1 BDI remain flat on May 18 2012
0blt1 SC issues contempt notice to Mr Malik in PSM probe case


Round_corner2
Currency Rates
18 May, 2012
USD 1.0000
AUD 1.0164
BRL 2.0089
CAD 1.0208
CNY 6.3278
EUR 0.7889
GBP 0.6344
INR 54.7630
JPY 79.4544
RUB 31.1196
ZAR 8.3932
Ads_spindia
Ads_spmea