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With a decline of 0.8 percent to CNY 128,000 ($20,245) per metric ton on May 15, 2012, the price of Chinese primary nickel recorded the biggest shift of the day. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,600 ($2,941) per metric ton. The price of Chinese 316 stainless steel scrap held steady at CNY 18,400 ($2,915) per metric ton. The price of Chinese 304 stainless coil held steady at CNY 18,600 ($2,941) per metric ton. The price of Chinese 316 stainless coil remained essentially flat at CNY 31,500 ($4,982) per metric ton.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,312) 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 ($22,934) per metric ton.

On the LME, the 3-month price of nickel declined 0.3 percent to $17,000 per metric ton. The price of primary nickel saw a 0.3 percent decline on the LME to $16,980 per metric ton. Following a 0.3 percent rise yesterday, Indian primary nickel cash price closed at INR 914 ($16) per kilogram.

Chinese silver saw a three percent drop on May 15, 2012, landing at CNY 5,895 ($932) per kilogram and making it the biggest mover of the day. At JPY 718.00 ($9.00) per 10 grams, Japanese silver fell 2.7 percent on Tuesday. The price of US silver declined 0.6 percent to $28.17 per ounce. Indian silver closed 0.5 percent lower at INR 52,598 ($974) per kilogram.

Chinese gold bullion finished the day down 1.9 percent to CNY 317.60 ($50.23) per gram. Japanese gold bullion prices saw a 1.7 percent decline to JPY 3,993 ($50) per gram. Indian gold bullion ended the day at INR 28,118 ($521) per 10 grams, after the 0.4 percent drop yesterday. After dropping for two days, the price of US gold bullion flattened at $1,555.

Chinese platinum bar finished the day down two percent to CNY 312.00 ($49.35) per gram. The price of Japanese platinum bar declined 1.7 percent to JPY 3,700 ($46) per gram. The price of US platinum bar is back up, rising by 0.1 percent on Tuesday to close at $1,444 per ounce.

At JPY 1,519 ($19) per gram, Japanese palladium bar fell 2.1 percent on Tuesday. Chinese palladium bar closed two percent lower at CNY 144.00 ($22.78) per gram. US palladium bar ended the day at $593.00 per ounce, after the 0.3 percent drop yesterday.

The day’s biggest mover broke away from a static phase with a 4.8 percent drop on May 15, 2012. After three changeless days, the price of Chinese bright copper scrap closed at CNY 48,100 ($7,607) per metric ton. The price of Chinese copper wire fell 1.7 percent to CNY 56,250 ($8,896) per metric ton. Chinese copper bar stayed flat at around CNY 58,050 ($9,181) per metric ton. The Chinese primary copper cash price saw little movement yesterday on the SHFE, closing out around CNY 58,250 ($9,213) per metric ton.

The Japanese primary copper cash price saw a 0.9 percent decline to JPY 676,000 ($8,471) per metric ton. The price of US copper producer grade 122 remained essentially flat at $6 per pound. The price of US copper producer grade 102 held steady around $6.88 per pound. The price of US copper producer grade 110 remained essentially flat at $6.69 per pound.

The 3-month price of primary copper weakened by 1.8 percent on the LME, settling at $7,850 per metric ton. Also on the LME, the price of primary cash copper fell 1.2 percent to $7,980 per metric ton.

After falling 1.1 percent, US steel plate landed at $911 per short ton and making it the week’s biggest mover on the Renewables MMI®. US grain-oriented electrical steel (GOES) remained essentially flat from the previous week at $3,704 per short ton. Closing at KRW 1.1 million ($958) per metric ton, Korean steel plate remained unchanged for the week. Japanese steel plate prices held steady from the previous week at JPY 80,000 ($1,002) per metric ton.

Chinese renewables prices were mixed for the week. The price of silicon dropped 0.7 percent this week, closing out the third consecutive week of falling prices at CNY 14,500 ($2,293) per metric ton. Prices for Chinese cobalt cathodes remained constant, closing the week at CNY 250,000 ($39,541) per metric ton. Closing at CNY 715,000 ($113,089) per metric ton, neodymium remained unchanged for the week. Prices for Chinese steel plate remained constant, closing the week at CNY 4,810 ($760) per metric 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.

The week’s biggest mover on the Construction MMI® was the price of weekly US Gulf Coast bar fuel surcharge, which saw a 2.4 percent decline to $0.54 per short ton. Last week marked the fourth in a row of declining prices for the metal. Closing out the third week of declining prices, the price of weekly US Midwest bar fuel surcharge dropped by 1.7 percent, finishing at $0.54 per short ton. The price of weekly US Rocky Mountain bar fuel surcharge fell 1.5 percent over the past week to $0.56 per short ton. This was the third week in a row of declining prices.

The Chinese low price of 62% Australian iron ore fines dropped 2.3 percent this week, closing out the third consecutive week of falling prices at CNY 1,050 ($166) per dry metric ton. The price of Chinese rebar fell 2.3 percent over the past week to CNY 4,250 ($672) per metric ton. This was the third week in a row of declining prices. At $433 per short ton, the week finished with no movement for US shredded scrap. At CNY 4,080 ($646) per metric ton, the price of Chinese H-beam steel did not change since the previous week.

Following a steady week, prices for Chinese aluminum bar closed flat at CNY 14,050 ($2,222) per metric ton. European 1050 aluminum traded sideways last week, hovering around EUR 2,327 ($3,055) per metric ton.

The Construction MMI® collects and weights 9 metal price points used within the construction industry to provide a unique view into construction industry price trends. For more information on the Construction MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

With a decline of 0.5 percent on the LME to $1,982 per metric ton on May 15, 2012, the cash price of primary aluminum recorded the biggest shift of the day. The 3-month price of primary aluminum saw a 0.5 percent decline on the LME to $2,021 per metric ton. The cash price of Indian primary aluminum flattened at INR 106.55 ($1.97) per kilogram after two days of downward movement.

Chinese aluminum prices were mixed for the day. On the SHFE, the cash price of Chinese primary aluminum fell 0.2 percent to CNY 16,010 ($2,532) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,650 ($2,633) per metric ton. At CNY 16,050 ($2,538) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,222) per metric ton.

On May 14, 2012, the day’s biggest mover was the cash price of steel billet, which saw a 2.5 percent increase on the LME to $464 per metric ton. This increase comes after the price fell for the two previous days. After dropping for two days on the LME, the 3-month price of steel billet flattened at $470.

Chinese steel prices were mixed for the day. The price of iron ore 58% fines from India hit a high price of CNY 855 ($135) and a low price of CNY 865 ($137) per dry metric ton. Monday saw the price of Chinese HRC shift down 0.7 percent to CNY 4,200 ($665) per metric ton after three quiet days. The price of Chinese coking coal remained essentially flat at CNY 1,780 ($282) per metric ton.

The US HRC futures contract 3-month price remained essentially flat at $665 per short ton. The spot price of US HRC futures contract held steady on Monday, remaining around $670 per short ton.

The day’s biggest mover was the price of primary cash copper which dropped by 1.4 percent on May 14, 2012 to close at $8,080 per metric ton on the LME. The 3-month price of primary copper saw a 0.8 percent decline on the LME to $7,990 per metric ton.

Following a two-day drop, the cash price of Japanese primary copper increased by 0.7 percent to JPY 682,000 ($8,530) per metric ton.

Chinese copper closed mixed yesterday. Chinese copper wire ended the day at CNY 57,200 ($9,064) per metric ton, after the 1.1 percent drop on Monday. Chinese copper bar finished the day down one percent to CNY 58,050 ($9,199) per metric ton. On the SHFE, the Chinese primary copper cash price fell one percent to CNY 58,250 ($9,230) per metric ton. The price of Chinese bright copper scrap remained steady at CNY 50,500 ($8,002) per metric ton.

On May 14, 2012, the 3-month price of primary aluminum fell by 0.7 percent on the LME, landing at $2,031 per metric ton and making it the day’s biggest mover. On the LME, the cash price of primary aluminum declined 0.6 percent to $1,992 per metric ton. The cash price of Indian primary aluminum weakened by 0.4 percent, settling at INR 106.45 ($1.98) per kilogram.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum billet moved yesterday. After a few changeless days, prices dropped 0.3 percent to CNY 16,050 ($2,543) per metric ton. On the SHFE, Chinese primary aluminum cash price fell 0.1 percent to CNY 16,040 ($2,541) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 16,650 ($2,638) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,226) per metric ton.

US palladium bar’s 8.3 percent decline made it this week’s biggest mover on the Global Precious Metals MMI® , closing at $595.00 per ounce. The price of Japanese palladium bar dropped 7.1 percent this week, closing out the third consecutive week of falling prices at JPY 1,552 ($19) per gram. The price of Chinese palladium bar fell 5.8 percent over the past week to CNY 147.00 ($23.30) per gram. This was the third week in a row of declining prices.

US platinum bar weakened by 5.3 percent to land at $1,442 per ounce. The price of Japanese platinum bar decreased to JPY 3,764 ($47) per gram, a 3.2 percent decline from the previous week. Closing out the third week of declining prices, the price of Chinese platinum bar dropped by three percent, finishing at CNY 318.50 ($50.47) per gram.

US gold bullion finished the week at $1,557 per ounce after falling 4.9 percent. The price of Japanese gold bullion dropped 3.5 percent this week, closing out the third consecutive week of falling prices at JPY 4,062 ($50) per gram. After a 2.9 percent decline, Chinese gold bullion closed out the week at CNY 323.70 ($51.30) per gram. Indian gold bullion saw a 2.8 percent decline over the past week to INR 28,224 ($526) per 10 grams.

US silver saw a 5.4 percent drop-off this week to end at $28.33 per ounce. The price of Indian silver fell 4.8 percent to INR 52,859 ($985) per kilogram after rising 0.3 percent the week before. The price of Chinese silver fell 4.6 percent over the past week to CNY 6,080 ($963) per kilogram. This was the third week in a row of declining prices. Closing out the third week of declining prices, the price of Japanese silver dropped by 3.8 percent, finishing at JPY 738.00 ($9.23) per 10 grams.

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.

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