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The week’s biggest mover on the weekly Stainless MMI® was the nickel 3-month price, which saw a 3.0 percent increase on the LME to $17,075 per metric ton. This comes on the heels of a 1.1 percent decline the week prior. The nickel spot price rose 2.8 percent on the LME to $16,980 per metric ton after falling 1.2 percent during the previous week. The cash price of primary Indian nickel rose 2.8 percent over the past week to INR 926.30 ($17.04) per kilogram.

Chinese stainless steel prices were mixed for the week. Chinese ferro-chrome remained essentially flat from the previous week at CNY 8,300 ($1,336) per metric ton. At CNY 145,000 ($23,331) per metric ton, the week finished with no movement for Chinese ferro-moly.

The price of Chinese primary nickel rose 1.8 percent to CNY 119,800 ($19,276) per metric ton after falling 0.3 percent during the previous week. Chinese 316 stainless steel scrap fell 0.6 percent over the past week to CNY 16,100 ($2,591) per metric ton. After a 0.6 percent decline, Chinese 304 stainless steel scrap closed out the week at CNY 17,600 ($2,832) per metric ton. Chinese 304 stainless coil prices were off slightly at CNY 17,600 ($2,832) per metric ton, down from CNY 17,700 ($2,844) a week ago. At CNY 26,500 ($4,264) per metric ton, the price of Chinese 316 stainless coil did not change since the previous week.

Korean 430 stainless steel coil traded sideways last week, hovering around KRW 2.6 million ($2,376) per metric ton. Prices for Korean 304 stainless coil remained constant, closing the week at KRW 4.2 million ($3,881) per metric ton.

The Stainless MMI® collects and weights 14 global stainless steel and raw material price points to provide a unique view into stainless steel price trends. For more information on the Stainless MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The price of Chinese primary nickel saw the biggest increase at 1.1 percent, finishing at CNY 119,800 ($19,276) per metric ton for March 15, 2013. The price of Chinese 304 stainless steel scrap held steady at CNY 17,600 ($2,832) per metric ton. Chinese 316 stainless steel scrap saw little change in its price last Friday at CNY 16,100 ($2,591) per metric ton. Chinese 304 stainless coil held its value last Friday at CNY 17,600 ($2,832) per metric ton. For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat at CNY 26,500 ($4,264) per metric ton.

The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,336) per metric ton. The price of Chinese ferro-moly continues hovering around CNY 145,000 ($23,331) per metric ton for the fifth day in a row.

On the LME, the nickel spot price declined 0.5 percent to $16,980 per metric ton. The 3-month price of nickel weakened by 0.3 percent on the LME, settling at $17,075 per metric ton. The cash price of primary Indian nickel gained 0.2 percent to finish at INR 926.30 ($17.04) per kilogram.

On March 15, 2013, the day’s biggest mover was Chinese copper bar, which saw a 0.7 percent increase to CNY 57,850 ($9,308) per metric ton. The Chinese copper cash price gained 0.7 percent to finish at CNY 58,050 ($9,340) per metric ton. Chinese copper wire prices rose 0.4 percent to CNY 56,800 ($9,139) per metric ton. The price of Chinese bright copper scrap remained essentially flat at CNY 46,850 ($7,538) per metric ton.

The price of US copper producer grade 122 increased 0.5 percent to $4.16 per pound. The price of US copper producer grade 110 rose 0.5 percent to $4.16 per pound. The price of US copper producer grade 102 rose 0.5 percent to $4.35 per pound. The Japanese copper cash price was unchanged at JPY 640,000 ($6,668) per metric ton.

On the LME, the copper 3-month price fell 0.2 percent to $7,790 per metric ton. The primary copper cash price weakened by 0.2 percent on the LME, settling at $7,762 per metric ton.

Dropping 1.1 percent, the 3-month price of the US HRC futures contract was the biggest mover on March 15, 2013, closing at $618.00 per short ton. The spot price of the US HRC futures contract held steady around $610.00 per short ton.

Chinese steel prices closed flat for the day. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($135.16) and a low price of CNY 830.00 ($133.55) per dry metric ton. After a couple of days of decreasing prices, the price of Chinese HRC held steady at CNY 3,870 ($622.70). The price of Chinese coking coal held steady at CNY 1,750 ($281.58) per metric ton.

Also on the LME, the steel billet cash price saw little change in its price last Friday at $210.00 per metric ton. The steel billet 3-month price showed little movement last Friday on the LME at $250.00 per metric ton.

On March 15, 2013, the day’s biggest mover was Indian silver, which saw a 5.3 percent increase to INR 56,900 ($1,047) per kilogram. The price of US silver fell 0.4 percent to $28.81 per ounce. The price of Japanese silver increased 0.3 percent to JPY 888.00 ($9.25) per 10 grams. Chinese silver prices rose 0.3 percent to CNY 5,905 ($950.14) per kilogram.

One of the day’s biggest movers was Indian gold bullion which rose 5.3 percent percent to close at INR 30,850 ($567.51) per 10 grams. The price of Japanese gold bullion gained 0.4 percent, finishing at JPY 4,920 ($51.26) per gram. After a 0.2 percent increase, US gold bullion finished the day at $1,590 per ounce. The price of Chinese gold bullion remained essentially flat at CNY 319.95 ($51.48) per gram.

Following a two-day drop, the price of Japanese platinum bar increased by 0.6 percent to JPY 4,933 ($51.40) per gram. The price of Chinese platinum bar is back up, rising by 0.3 percent last Friday to close at CNY 340.00 ($54.71) per gram. US platinum bar finished the day down 0.3 percent to $1,583 per ounce.

The price of Japanese palladium bar rose by 0.9 percent to JPY 2,417 ($25.18) per gram. Chinese palladium bar closed 0.5 percent lower at CNY 184.00 ($29.61) per gram. The price of US palladium bar rose 0.1 percent to $771.00 per ounce after a two-day drop.

The week’s biggest mover on the weekly Aluminum MMI® was the 3-month price of aluminum, which saw a 1.0 percent increase on the LME to $1,988 per metric ton. This comes on the heels of a 2.4 percent decline the week prior. The cash price of primary aluminum rose 0.9 percent on the LME to $1,945 per metric ton after falling 2.2 percent during the previous week. The cash price of primary Indian aluminum rose 0.9 percent to INR 105.50 ($1.94) per kilogram after falling 0.8 percent during the previous week.

Chinese aluminum prices were mixed for the week. The cash price of Chinese aluminum shifted up 0.5 percent to close at CNY 14,550 ($2,341) per metric ton this week. The price of Chinese aluminum billet increased by a slight 0.3 percent over the past week to CNY 14,450 ($2,325) per metric ton. At CNY 14,050 ($2,261) per metric ton, the week finished with no movement for Chinese aluminum bar.

Closing at KRW 4,210 ($3.83) per kilogram, Korean 3003 coil premium over 1050 sheet remained unchanged for the week. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week at KRW 4,360 ($3.97) per kilogram. At EUR 2,624 ($3,406) per metric ton, the price of European 5083 plate did not change since the previous week. European 1050 aluminum prices held steady from the previous week at EUR 2,215 ($2,875) per metric ton.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends. For more information on the Aluminum MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Rising 2.6 percent to close at $17,130 per metric ton, the nickel 3-month price experienced the biggest change on the LME for March 14, 2013. On the LME, the spot price of nickel gained 2.5 percent to finish at $17,060 per metric ton. The Indian nickel cash price increased 0.1 percent to INR 924.60 ($17.03) per kilogram.

Chinese stainless steel prices were mixed for the day. For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,336) per metric ton. The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY 145,000 ($23,334) per metric ton.

The price of Chinese primary nickel declined 0.2 percent to CNY 118,500 ($19,070) per metric ton, after two days of improvement. For the fifth day in a row, the price of Chinese 316 stainless coil remained essentially flat at CNY 26,500 ($4,265) per metric ton. Chinese 304 stainless coil stayed flat at around CNY 17,600 ($2,832) per metric ton. The price of Chinese 316 stainless steel scrap remained steady at CNY 16,100 ($2,591) per metric ton. The price of Chinese 304 stainless steel scrap showed little movement on Thursday at CNY 17,600 ($2,832) per metric ton.

The cash price of primary aluminum saw the biggest upwards shift for the day, rising 2.6 percent on the LME to close at $1,945 per metric ton on March 14, 2013. On the LME, the aluminum 3-month price inched up 2.5 percent to $1,988 per metric ton. At INR 105.50 ($1.94), the cash price of primary Indian aluminum finished the market day up 0.2 percent per kilogram.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained essentially flat at CNY 11,625 ($1,871) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,261) per metric ton. The cash price of Chinese aluminum showed little movement on Thursday at CNY 14,550 ($2,341) per metric ton.

A 3.4 percent improvement on the weekly Automotive MMI® made US palladium bar the week’s biggest mover, closing at $770.00 per ounce. The price of US platinum bar rose 0.1 percent to $1,587 per ounce after falling 0.6 percent during the previous week.

The price of US HDG rose 0.1 percent to $753.00 per short ton after falling 0.7 percent during the previous week.

The cash price of primary copper rose 1.0 percent on the LME to $7,777 per metric ton after falling 1.7 percent during the previous week. The 3-month price of copper rose 1.0 percent on the LME to $7,807 per metric ton after falling 1.7 percent during the previous week. The Chinese lead price fell 0.3 percent over the past week to CNY 14,600 ($2,350) per metric ton. This was the third week in a row of declining prices. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3.97) per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Rising 1.4 percent to close at $7,807 per metric ton, the copper 3-month price experienced the biggest change on the LME for March 14, 2013. Also on the LME, the cash price of primary copper inched up 1.3 percent to $7,777 per metric ton.

The price of US copper producer grade 122 saw a 0.7 percent decline to $4.14 per pound. The price of US copper producer grade 110 weakened by 0.7 percent, settling at $4.14 per pound. The price of US copper producer grade 102 fell 0.7 percent to $4.33 per pound. The cash price of primary Japanese copper saw little movement at JPY 640,000 ($6,664) per metric ton.

Chinese copper prices were mixed for the day. The price of Chinese copper wire declined 0.7 percent to CNY 56,585 ($9,106) per metric ton, after two days of improvement. The price of Chinese copper bar declined 0.7 percent to CNY 57,420 ($9,240) per metric ton. The cash price of Chinese copper declined 0.7 percent to CNY 57,620 ($9,273) per metric ton. The price of Chinese bright copper scrap held steady at CNY 46,850 ($7,539) per metric ton.

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