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LME 3-Month COPPER
Date
31-Dec-13
31-Jan-14
28-Feb-14
31-Mar-14
30-Apr-14
30-May-14
30-Jun-14
31-Jul-14
29-Aug-14
30-Sep-14
31-Oct-14
28-Nov-14
31-Dec-14

Close MoM (%) QoQ (%) YoY (%)

7360
7065
-4.01
7010
-0.78
6645
-5.21
-9.71
6642
-0.05
6845
3.06
7015
2.48
5.57
7115
1.43
6982
-1.87
6667
-4.51
-4.96
6695
0.42
6351
-5.14
6284
-1.05
-5.74
-14.6

Summery: Copper fell to 4 years low of $6,230 in last year, pressured by stronger US dollar and
indications of slowing economic growth in largest consumer China. A series of weaker economic
numbers from China & Euro zone had continuously pressurized on LME Copper prices. China
consumes about 40 percent of metals across the globe.
LME 3-Month NICKEL
Date
31-Dec-13
31-Jan-14
28-Feb-14
31-Mar-14
30-Apr-14
30-May-14
30-Jun-14
31-Jul-14
29-Aug-14
30-Sep-14
31-Oct-14
28-Nov-14
31-Dec-14

Close MoM (%)

13900
13980
0.58
14720
5.29
15900
8.02
18325
15.25
19250
5.05
19040
-1.09
18505
-2.81
18800
1.59
16310 -13.24
15780
-3.25
16275
3.14
15148
-6.92

QoQ (%) YoY (%)

14.39

19.75

-14.34

-7.12

9.0

Summery:
Nickel was strongest metal in base metals complex and rallied 9% in last year
followed to Indonesias ban on ore exports. Prices had touched high of $21,625 in mid of May, but
then started downward gradually as LME warehouse stocks started to increase record high levels.

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LME 3-Month ALUMINIUM
Date
Close MoM (%) QoQ (%) YoY (%)
31-Dec-13 1800.25
31-Jan-14
1706
-5.24
28-Feb-14 1754
2.81
31-Mar-14 1785
1.77
-0.85
30-Apr-14 1800
0.84
30-May-14 1838
2.11
30-Jun-14 1891
2.88
5.94
31-Jul-14
1988
5.13
29-Aug-14 2096.5
5.46
30-Sep-14 1960
-6.51
3.65
31-Oct-14 2039
4.03
28-Nov-14 2004
-1.72
31-Dec-14 1859
-7.24
-5.15
3.3

Summery: Aluminum gained moderately in last year followed to stronger demand from Auto
industries. Price had started up run from February after few of biggest mines announced for
production cut. But December month was very bad and price had fell highest in one year.
LME 3-Month LEAD
Date
31-Dec-13
31-Jan-14
28-Feb-14
31-Mar-14
30-Apr-14
30-May-14
30-Jun-14
31-Jul-14
29-Aug-14
30-Sep-14
31-Oct-14
28-Nov-14
31-Dec-14

Close MoM (%) QoQ (%) YoY (%)

2219
2114
-4.73
2135
0.99
2068
-3.14
-6.80
2106
1.84
2095
-0.52
2173
3.72
5.08
2226
2.44
2241
0.67
2100
-6.29
-3.36
2010
-4.29
2028
0.90
1857
-8.43
-11.57 -16.3

Summery: Lead was highest looser metal in complex for last year and closed 2014 with 16%
down. Except second quarter prices have fallen gradually in entire year. December was worst
month for metal.

VADILAL FOREX AND CONSULTANCY SERVICES LTD.

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LME 3-Month ZINC
Date
31-Dec-13
31-Jan-14
28-Feb-14
31-Mar-14
30-Apr-14
30-May-14
30-Jun-14
31-Jul-14
29-Aug-14
30-Sep-14
31-Oct-14
28-Nov-14
31-Dec-14

Close MoM (%) QoQ (%) YoY (%)

2055
1972
-4.04
2073
5.12
1983
-4.34
-3.50
2040
2.87
2054
0.69
2217
7.94
11.80
2360
6.45
2359
-0.04
2288
-3.01
3.20
2307
0.83
2215
-3.99
2180
-1.58
-4.72
6.1

Summery: Zinc was quite stronger up to 2/3 of the last year then after it started to follow downfalls
in other metals but still succeed to close last year 6% up. June-July was good and prices have
rallied around 15% in these two months.
LME 3-Month TIN
Date
31-Dec-13
31-Jan-14
28-Feb-14
31-Mar-14
30-Apr-14
30-May-14
30-Jun-14
31-Jul-14
29-Aug-14
30-Sep-14
31-Oct-14
28-Nov-14
31-Dec-14

Close MoM (%) QoQ (%) YoY (%)

22350
22025
-1.45
23540
6.88
22800
-3.14
2.01
22950
0.66
23220
1.18
22545
-2.91
-1.12
22850
1.35
21875
-4.27
20310
-7.15
-9.91
19680
-3.10
20250
2.90
18910
-6.62
-6.89
-15.4

Summery: The Battery metal was second worst performer in last year with more than 15% fall.
Prices had continuously fallen down from second to fourth quarter of the year. It had touched more
than two years low of $18,375 in December month.
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