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Chinese silver had the largest decline on March 14, 2013, dropping 1.3 percent and landing at CNY 5,890 ($947.86) per kilogram. Japanese silver ended the day at JPY 885.00 ($9.21) per 10 grams, after the 1.3 percent drop yesterday. Indian silver prices saw a 0.8 percent decline to INR 54,013 ($994.61) per kilogram. At $28.92 per ounce, US silver fell 0.8 percent on Thursday.

The price of Indian gold bullion changed direction with a 0.6 percent drop. After two days of improving prices, the metal finished at INR 29,294 ($539.43) per 10 grams. The price of Chinese gold bullion closed at CNY 319.75 ($51.46) per gram. Following a couple days of improvement, prices fell by 0.3 percent. Following two days of rising prices, the price of US gold bullion dropped 0.3 percent to $1,588 per ounce. Japanese gold bullion held its value on Thursday at JPY 4,901 ($51.03) per gram.

The price of Chinese platinum bar fell 0.6 percent to CNY 339.00 ($54.55) per gram. US platinum bar finished the day down 0.5 percent to $1,587 per ounce. Japanese platinum bar closed 0.1 percent lower at JPY 4,902 ($51.04) per gram.

The price of US palladium bar declined 0.3 percent to $770.00 per ounce. The price of Japanese palladium bar remained essentially flat at JPY 2,396 ($24.95) per gram. The price of Chinese palladium bar showed little movement yesterday at CNY 185.00 ($29.77) per gram.

The price of US copper producer grade 110 saw the biggest increase at 1.0 percent, finishing at $4.17 per pound for March 13, 2013. The price of US copper producer grade 122 increased 1.0 percent to $4.17 per pound. The price of US copper producer grade 102 rose 0.9 percent to $4.36 per pound. The Japanese copper cash price continues hovering around JPY 640,000 ($6,679) per metric ton for the fifth day in a row.

Chinese copper prices were mixed for the day. Chinese copper bar prices rose 0.5 percent to CNY 57,850 ($9,308) per metric ton. After a 0.5 percent increase, the Chinese copper cash price finished the day at CNY 58,050 ($9,341) per metric ton. Chinese copper wire gained 0.5 percent to finish at CNY 57,010 ($9,173) per metric ton. Chinese bright copper scrap saw little change in its price on Wednesday at CNY 46,850 ($7,538) per metric ton.

On the LME, the copper 3-month price held steady around $7,701 per metric ton. The cash price of primary copper showed little movement on Wednesday on the LME at $7,675 per metric ton.

On March 13, 2013, the price of Chinese primary nickel experienced the biggest change, rising 0.7 percent to CNY 118,700 ($19,100) per metric ton. At CNY 17,600 ($2,832) per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged. Chinese 316 stainless steel scrap held its value on Wednesday at CNY 16,100 ($2,591) per metric ton. Chinese 304 stainless coil saw little change in its price yesterday 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 was unchanged at CNY 145,000 ($23,331) per metric ton.

The cash price of primary Indian nickel gained 0.1 percent to finish at INR 923.30 ($17.04) per kilogram. Following a two-day rise on the LME, the 3-month price of nickel flattened at $16,695. The nickel spot price steadied at $16,645 per metric ton following two-days of increases on the LME.

Following two days of increases, the price of Japanese platinum bar dropped by 1.1 percent to end at JPY 4,907 ($51.21) per gram on March 13, 2013. Chinese platinum bar ended the day at CNY 341.00 ($54.87) per gram, after the 0.6 percent drop yesterday. The price of US platinum bar remained essentially flat at $1,595 per ounce.

US palladium bar closed 0.6 percent lower at $772.00 per ounce. At CNY 185.00 ($29.77) per gram, Chinese palladium bar fell 0.5 percent yesterday. The price of Japanese palladium bar remained steady at JPY 2,396 ($25.00) per gram.

The price of US gold bullion increased 0.7 percent to $1,593 per ounce. Indian gold bullion saw its price rise 0.6 percent to INR 29,484 ($544.01) per 10 grams. At CNY 320.80 ($51.62), the price of Chinese gold bullion finished the market day up 0.5 percent per gram. After a couple of days of improving prices, the price of Japanese gold bullion held steady at JPY 4,899 ($51.12).

Indian silver gained 0.8 percent to finish at INR 54,472 ($1,005) per kilogram. Japanese silver prices rose 0.7 percent to JPY 897.00 ($9.36) per 10 grams. After a 0.6 percent increase, US silver finished the day at $29.15 per ounce. Chinese silver finished the day up 0.3 percent to CNY 5,970 ($960.61) per kilogram.

The Chinese aluminum cash price rose 0.1 percent on March 13, 2013, making it the day’s biggest mover. After two days of flat prices, it closed at CNY 14,550 ($2,341) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,261) per metric ton. Chinese aluminum billet saw little change in its price on Wednesday at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 11,625 ($1,871) per metric ton.

The Indian aluminum cash price saw little movement yesterday, closing out around INR 105.25 ($1.94) per kilogram. The aluminum 3-month price held steady yesterday on the LME, remaining around $1,940 per metric ton. The primary aluminum cash price remained essentially flat on the LME at $1,895 per metric ton.

On March 12, 2013, the day’s biggest mover was the Indian aluminum cash price, which saw a 2.4 percent increase to INR 105.35 ($1.94) per kilogram. The primary aluminum cash price saw a 1.6 percent decline on the LME to $1,895 per metric ton. On the LME, the 3-month price of aluminum declined 1.4 percent to $1,940 per metric ton.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum held steady around CNY 14,530 ($2,335) per metric ton. The price of Chinese aluminum scrap held steady at CNY 11,625 ($1,868) per metric ton. Chinese aluminum billet held its value on Tuesday at CNY 14,450 ($2,322) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,258) per metric ton.

On March 12, 2013, the copper cash price fell by 0.7 percent on the LME, landing at $7,675 per metric ton and making it the day’s biggest mover. Also on the LME, the copper 3-month price fell 0.6 percent to $7,701 per metric ton.

The price of US copper producer grade 122 saw little movement yesterday at $4.13 per pound. The Japanese copper cash price saw essentially no change for the fifth day in a row, remaining around JPY 640,000 ($6,623) per metric ton. The price of US copper producer grade 102 saw little change in its price yesterday at $4.32 per pound. The price of US copper producer grade 110 remained essentially flat at $4.13 per pound.

Chinese copper closed mixed yesterday. Chinese copper wire finished the day up 0.1 percent to CNY 56,725 ($9,116) per metric ton. The price of Chinese copper bar steadied at CNY 57,550 ($9,248) per metric ton following two-days of increases. Following a two-day rise, the Chinese copper cash price flattened at CNY 57,750 ($9,281). At CNY 46,850 ($7,529) per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

Rising 2.0 percent to close at INR 922.00 ($16.94) per kilogram, the Indian nickel cash price experienced the biggest change for March 12, 2013. At $16,645, the spot price of nickel finished the market day on the LME up 0.5 percent per metric ton. On the LME, the 3-month price of nickel gained 0.4 percent to finish at $16,695 per metric ton.

Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row, remaining around CNY 8,300 ($1,334) per metric ton. The price of Chinese ferro-moly held steady at CNY 145,000 ($23,302) per metric ton.

After a 0.2 percent increase, the price of Chinese primary nickel finished the day at CNY 117,900 ($18,947) per metric ton. The price of Chinese 316 stainless coil was unchanged at CNY 26,500 ($4,259) per metric ton. Chinese 304 stainless coil held its value yesterday at CNY 17,600 ($2,828) per metric ton. The price of Chinese 316 stainless steel scrap showed little movement yesterday at CNY 16,100 ($2,587) per metric ton. At CNY 17,600 ($2,828) per metric ton, the price of Chinese 304 stainless steel scrap was essentially unchanged.

The price of Chinese coking coal fell 2.2 percent on March 12, 2013 to CNY 1,750 ($281.23) per metric ton, making it the day’s biggest mover. The price of Chinese HRC moved yesterday. After a few changeless days, prices dropped 1.0 percent to CNY 4,010 ($644.41) per metric ton. The price of Chinese slab continues hovering around CNY 3,920 ($629.95) per metric ton for the fifth day in a row. The price of iron ore 58% fines from India hit a high price of CNY 840.00 ($134.99) and a low price of CNY 830.00 ($133.38) per dry metric ton.

Also on the LME, the steel billet cash price showed little movement on Tuesday, hovering around $210.00 per metric ton. The steel billet 3-month price saw little movement on Tuesday on the LME, closing out around $230.00 per metric ton.

The 3-month price of the US HRC futures contract saw little change in its price yesterday at $635.00 per short ton. The US HRC futures contract spot price saw little movement yesterday at $612.00 per short ton.

After falling 0.7 percent, Chinese steel plate landed at CNY 4,310 ($692.62) per metric ton and making it the week’s biggest mover on the weekly Renewables MMI®. At CNY 210,000 ($33,747) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Silicon remained essentially flat from the previous week at CNY 13,500 ($2,169) per metric ton. At CNY 425,000 ($68,331) per metric ton, the price of neodymium did not change since the previous week.

Japanese steel plate prices held steady from the previous week at JPY 80,000 ($827.85) per metric ton. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($1,014) per metric ton. The price of Chinese steel plate declined 0.7 percent over the past week, settling at CNY 4,310 ($692.62) per metric ton. US steel plate prices held steady from the previous week at $728.00 per short ton.

The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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