Articles in Category: Members Only

On March 12, 2013, the day’s biggest mover was the price of US palladium bar, which saw a 0.5 percent decline to $777.00 per ounce. The price of Japanese palladium bar ended a two-day climb, settling at JPY 2,396 ($24.79) per gram. The price of Chinese palladium bar steadied at CNY 186.00 ($29.89) per gram following two-days of increases.

The price of Chinese platinum bar increased 0.3 percent to CNY 343.00 ($55.12) per gram. Japanese platinum bar saw its price rise 0.2 percent to JPY 4,963 ($51.36) per gram. The price of US platinum bar changed direction with a 0.2 percent drop. After two days of improving prices, the metal finished at $1,596 per ounce.

Japanese gold bullion prices inched up 0.3 percent to JPY 4,903 ($50.74) per gram. After a 0.3 percent increase, Indian gold bullion finished the day at INR 29,304 ($538.52) per 10 grams. At $1,582, the price of US gold bullion finished the market day up 0.2 percent per ounce. Chinese gold bullion finished the day up 0.1 percent to CNY 319.10 ($51.28) per gram.

Indian silver prices saw a 0.3 percent decline to INR 54,055 ($993.38) per kilogram. The price of Chinese silver remained steady at CNY 5,955 ($956.98) per kilogram. The price of US silver held steady at $28.99 per ounce. The price of Japanese silver flattened at JPY 891.00 ($9.22) after two days of improvement.

The monthly GOES MMI® registered a value of 235 in March, a decrease of 0.8 percent from 237 in February – subsequently making the chart’s trend-line appear like a child’s rendering of a seagull soaring above the Jersey Shore.

GOES surcharges slipped slightly from the previous month, as did other stainless steel surcharges. Import volumes were the lowest since June 2012.

“GOES pricing will likely remain under pressure due to domestic producers supplying at lower-than-historical average contract prices,” said Lisa Reisman, managing editor of MetalMiner. “It may take some time before prices rise, despite any increase in actual demand.”

US import prices may also stay under pressure to compete with domestic pricing, added Reisman.

After falling 1 percent, US grain-oriented electrical steel (GOES) finished the month at $3,238 per short ton.

The GOES MMI® collects and weights 1 global grain-oriented electrical steel price point to provide a unique view into price trends over a 30-day period. For more information on the GOES MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

 Lanthanum oxide finished as the week’s biggest mover on the weekly Rare Earths MMI® after dropping 6.4 percent and landing at CNY 36,500 ($5,819) per metric ton. The past week saw cerium oxide close at CNY 39,000 ($6,217) per metric ton after a 6.0 percent decline. The price of praseodymium neodymium oxide rose 1.7 percent to CNY 307,500 ($49,020) per metric ton after falling 3.2 percent during the previous week.

Praseodymium oxide fell 1.3 percent over the past week to CNY 367,500 ($58,585) per metric ton. Closing at CNY 2,025 ($322.82) per kilogram, dysprosium oxide remained unchanged for the week. Dysprosium oxide remained essentially flat from the previous week at CNY 2,025 ($322.82) per kilogram. Europium oxide prices held steady from the previous week at CNY 5,700 ($908.67) per kilogram.

At CNY 345,000 ($54,998) per metric ton, the week finished with no movement for neodymium oxide. Rare earth carbonate remained essentially flat from the previous week at CNY 27,500 ($4,384) per metric ton. Samarium oxide traded sideways last week, hovering around CNY 52,500 ($8,369) per metric ton. Closing at CNY 7,850 ($1,251) per kilogram, terbium metal remained unchanged for the week.

Following a steady week, prices for terbium oxide closed flat at CNY 3,900 ($621.72) per kilogram. At CNY 117,500 ($18,731) per metric ton, the price of yttria did not change since the previous week. Prices for yttrium remained constant, closing the week at CNY 400.00 ($63.77) per kilogram.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths 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 week’s biggest mover on the weekly Global Precious Metals MMI® was the price of US palladium bar, which saw an 8.5 percent increase to $781.00 per ounce. This comes on the heels of a 2.3 percent decline the week prior. The price of Japanese palladium bar rose 8.4 percent to JPY 2,396 ($24.91) per gram after falling 3.7 percent during the previous week. The price of Chinese palladium bar rose 6.3 percent to CNY 186.00 ($29.65) per gram after falling 2.2 percent during the previous week.

The price of Japanese platinum bar rose 4.5 percent to JPY 4,953 ($51.50) per gram after falling 3.1 percent during the previous week. The price of US platinum bar rose 1.8 percent to $1,599 per ounce after falling 2.2 percent during the previous week. The price of Chinese platinum bar rose 0.3 percent to CNY 342.00 ($54.52) per gram after falling 0.9 percent during the previous week.

The price of Japanese gold bullion rose 3.1 percent to JPY 4,886 ($50.80) per gram after falling 1.4 percent during the previous week. Following a 0.4 percent increase in the week prior, the price of Indian gold bullion fell 0.9 percent last week to INR 29,216 ($537.55) per 10 grams. For the third week in a row, the price of Chinese gold bullion dropped, falling 0.5 percent to CNY 318.66 ($50.80) per gram. The price of US gold bullion rose 0.2 percent to $1,579 per ounce after falling 0.3 percent during the previous week.

The price of Japanese silver rose 4.8 percent to JPY 891.00 ($9.26) per 10 grams after falling 2.4 percent during the previous week. The price of US silver rose 1.5 percent to $29.00 per ounce after falling 0.6 percent during the previous week. Chinese silver rose 0.8 percent over the past week to CNY 5,950 ($948.52) per kilogram. The price of Indian silver rose 0.5 percent to INR 54,200 ($997.23) per kilogram after falling 0.5 percent during the previous week.

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

Dropping 1.8 percent, the Indian aluminum cash price was the biggest mover on March 11, 2013, closing at INR 102.90 ($1.89) per kilogram. After falling for two days, the cash price of primary aluminum rose 0.9 percent on the LME to $1,926 per metric ton. The 3-month price of aluminum is back up, rising by 0.7 percent on the LME yesterday to close at $1,968 per metric ton.

Chinese aluminum prices closed flat for the day. After a couple of days of improving prices, the Chinese aluminum cash price held steady at CNY 14,540 ($2,318). The price of Chinese aluminum scrap remained essentially flat at CNY 11,625 ($1,853) per metric ton. The price of Chinese aluminum billet flattened at CNY 14,450 ($2,304) after two days of improvement. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,240) per metric ton.

On March 11, 2013, the steel billet cash price fell by 4.5 percent on the LME, landing at $210.00 per metric ton and making it the day’s biggest mover. A $10.00 decline in the 3-month price of steel billet on the LME left the price at $230.00 per metric 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 ($133.91) and a low price of CNY 830.00 ($132.32) per dry metric ton. At CNY 4,050 ($645.63) per metric ton, the price of Chinese HRC was essentially unchanged. The price of Chinese coking coal held steady at CNY 1,790 ($285.35) per metric ton.

The US HRC futures contract 3-month price held steady around $635.00 per short ton. The US HRC futures contract spot price remained essentially flat at $612.00 per short ton.

Closing at CNY 16,100 ($2,567) per metric ton on March 11, 2013, Chinese 316 stainless steel scrap saw the biggest change at a 0.6 percent. The price of Chinese 304 stainless steel scrap declined 0.6 percent to CNY 17,600 ($2,806) per metric ton. At CNY 17,600 ($2,806) per metric ton, Chinese 304 stainless coil fell 0.6 percent on Monday. The price of Chinese primary nickel showed little movement on Monday at CNY 117,700 ($18,763) per metric ton. The price of Chinese 316 stainless coil remained essentially flat at CNY 26,500 ($4,225) per metric ton.

The price of Chinese ferro-chrome saw little movement at CNY 8,300 ($1,323) per metric ton. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($23,115) per metric ton.

After falling for two days, the cash price of primary Indian nickel rose 0.3 percent to INR 903.80 ($16.63) per kilogram. On the LME, the nickel 3-month price inched up 0.3 percent to $16,625 per metric ton. At $16,555, the spot price of nickel finished the market day on the LME up 0.3 percent per metric ton.

With a 3.2 percent increase on March 11, 2013, US palladium bar was the biggest mover on the Global Precious Metals MMI®. Chinese palladium bar prices rose 2.8 percent to CNY 186.00 ($29.65) per gram. Japanese palladium bar gained 2.1 percent to finish at JPY 2,396 ($24.91) per gram.

The price of Japanese platinum bar increased 0.6 percent to JPY 4,953 ($51.50) per gram. US platinum bar prices inched up 0.5 percent to $1,599 per ounce. The price of Chinese platinum bar declined 0.3 percent to CNY 342.00 ($54.52) per gram.

Japanese gold bullion finished the day up 1.0 percent to JPY 4,886 ($50.80) per gram. The price of Chinese gold bullion rose 0.3 percent to CNY 318.66 ($50.80) per gram after a two-day drop. The price of US gold bullion remained essentially flat at $1,579 per ounce. The price of Indian gold bullion showed little movement on Monday at INR 29,216 ($537.55) per 10 grams.

After a 0.9 percent increase, Japanese silver finished the day at JPY 891.00 ($9.26) per 10 grams. Indian silver saw its price rise 0.7 percent to INR 54,200 ($997.23) per kilogram. At CNY 5,950 ($948.52), the price of Chinese silver finished the market day up 0.4 percent per kilogram. After a 0.4 percent increase, US silver finished the day at $29.00 per ounce.

The copper cash price closed as the biggest mover for March 11, 2013. Switching from a downward trend, the metal closed at $7,730 per metric ton following a 0.8 percent increase. After falling for two days, the copper 3-month price rose 0.4 percent on the LME to $7,744 per metric ton.

The price of US copper producer grade 122 saw a 0.2 percent decline to $4.13 per pound. The price of US copper producer grade 110 fell 0.2 percent to $4.13 per pound. The price of US copper producer grade 102 weakened by 0.2 percent, settling at $4.32 per pound. The Japanese copper cash price continues hovering around JPY 640,000 ($6,654) per metric ton for the fifth day in a row.

Chinese copper prices were up for the day. Chinese bright copper scrap gained 0.3 percent to finish at CNY 46,850 ($7,469) per metric ton. At CNY 56,665 ($9,033), the price of Chinese copper wire finished the market day up 0.2 percent per metric ton. Chinese copper bar prices rose 0.1 percent to CNY 57,550 ($9,174) per metric ton. The cash price of Chinese copper gained 0.1 percent to finish at CNY 57,750 ($9,206) per metric ton.

The week’s biggest mover on the weekly Copper MMI® was the cash price of primary copper, which saw a 2.0 percent decline on the LME to $7,670 per metric ton. Last week marked the fourth in a row of declining prices for the metal. The 3-month price of copper fell 2.0 percent on the LME over the past week to $7,710 per metric ton. This was the fourth week in a row of declining prices.

Chinese copper prices were mixed for the week. Chinese bright copper scrap saw a 1.5 percent decline over the past week to CNY 46,730 ($7,510) per metric ton. The price of Chinese copper bar fell 0.1 percent over the past week to CNY 57,480 ($9,237) per metric ton. This was the fourth week in a row of declining prices. The Chinese copper cash price fell 0.1 percent over the past week to CNY 57,680 ($9,269) per metric ton. This was the fourth week in a row of declining prices. Chinese copper wire remained essentially flat from the previous week at CNY 56,580 ($9,093) per metric ton.

The price of US copper producer grade 122 fell 0.5 percent over the past week to $4.14 per pound. This was the fourth week in a row of declining prices. The price of US copper producer grade 110 fell 0.5 percent over the past week to $4.14 per pound. This was the fourth week in a row of declining prices. The price of US copper producer grade 102 fell 0.5 percent over the past week to $4.33 per pound. This was the fourth week in a row of declining prices. Prices for Korean copper strip remained constant, closing the week at KRW 11,300 ($10.42) per kilogram. The cash price of primary Japanese copper stayed essentially flat at JPY 640,000 ($6,742) per metric ton.

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

1 4 5 6 7 8 73