Articles in Category: Members Only

Decreasing 1.9 percent made US silver the biggest mover of the day, finishing at $28.33 per ounce on May 14, 2012. Chinese silver closed 0.7 percent lower at CNY 6,080 ($963) per kilogram. At JPY 738.00 ($9.23), the price of Japanese silver finished the market day up 0.3 percent per 10 grams. The price of Indian silver remained essentially flat at INR 52,859 ($985) per kilogram.

At $1,557 per ounce, US gold bullion fell 1.5 percent yesterday. Indian gold bullion finished the day down 0.5 percent to INR 28,224 ($526) per 10 grams. After holding steady for the past few days, the price of Chinese gold bullion fell 0.3 percent, closing at CNY 323.70 ($51.30) per gram. Japanese gold bullion saw little change in its price on Monday at JPY 4,062 ($50) per gram.

The price of US platinum bar fell 1.3 percent to $1,442 per ounce. The price of Japanese platinum bar declined 0.6 percent to JPY 3,764 ($47) per gram. Chinese platinum bar prices saw a 0.5 percent decline to CNY 318.50 ($50.47) per gram.

Chinese palladium bar ended the day at CNY 147.00 ($23.30) per gram, after the 1.3 percent drop on Monday. Japanese palladium bar finished the day down 1.3 percent to JPY 1,552 ($19) per gram. The price of US palladium bar declined 0.7 percent to $595.00 per ounce.

The week’s biggest mover on the Stainless MMI® was the cash price of Indian primary nickel, which saw a 2.1 percent decline to INR 913 ($17) per kilogram. The 3-month price of nickel declined to $17,220 per metric ton after drifting 1.4 percent on the LME since last week. Since last week, the price of primary cash nickel fell to $17,135 per metric ton on the LME after moving 1.4 percent.

Chinese stainless steel prices were mixed for the week. Chinese ferro-chrome prices held steady from the previous week at CNY 8,300 ($1,315) per metric ton. Prices for Chinese ferro-moly remained constant, closing the week at CNY 145,000 ($22,978) per metric ton.

In the past week, Chinese 316 stainless steel scrap saw its price shift up 1.1 percent to CNY 18,400 ($2,915) per metric ton. Following a 0.5 percent increase in the week prior, the price of Chinese 304 stainless steel scrap fell 0.5 percent last week to CNY 18,600 ($2,947) per metric ton. The price of Chinese 304 stainless coil fell 0.5 percent to CNY 18,600 ($2,947) per metric ton. The price of Chinese primary nickel rose 0.5 percent to CNY 130,600 ($20,696) per metric ton after falling 2.3 percent during the previous week. Chinese 316 stainless coil remained essentially flat from the previous week at CNY 31,500 ($4,991) per metric ton.

At KRW 2.6 million ($2,255) per metric ton, the price of Korean 430 stainless steel coil did not change since the previous week. Korean 304 stainless coil traded sideways last week, hovering around KRW 4.2 million ($3,684) 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.

Indian silver saw a 4.4 percent drop on May 11, 2012, landing at INR 52,910 ($986) per kilogram and making it the biggest mover of the day. The price of US silver declined 1.3 percent to $28.89 per ounce. Chinese silver finished the day down 1.1 percent to CNY 6,125 ($970) per kilogram. Friday saw the price of Japanese silver drift down 0.9 percent to JPY 736.00 ($9.21) per 10 grams after a couple of stagnant days.

Indian gold bullion took a large hit on last Friday, sliding down 3.1 percent before landing at INR 28,379 ($529) per 10 grams. The price of Japanese gold bullion fell 0.7 percent to JPY 4,065 ($50) per gram last Friday after two days of no change. US gold bullion closed 0.5 percent lower at $1,580 per ounce. The price of Chinese gold bullion showed little movement last Friday at CNY 324.60 ($51.44) per gram.

At $1,461 per ounce, US platinum bar fell 2.3 percent last Friday. The price of Japanese platinum bar dropped by 1.8 percent to JPY 3,788 ($47) per gram after holding steady. Chinese platinum bar prices saw a 1.5 percent decline to CNY 320.00 ($50.71) per gram.

US palladium bar ended the day at $599.00 per ounce, after the 2.1 percent drop last Friday. The price of Chinese palladium bar fell 0.7 percent to CNY 149.00 ($23.61) per gram. Following a quiet couple of days, the price of Japanese palladium bar fell 0.5 percent last Friday to JPY 1,573 ($19) per gram.

On May 11, 2012, the day’s biggest mover was the primary aluminum 3-month price, which saw a 0.9 percent increase on the LME to $2,045 per metric ton. Also on the LME, the cash price of primary aluminum rose 0.8 percent to $2,003 per metric ton. The cash price of Indian primary aluminum fell 0.6 percent to INR 106.85 ($1.99) per kilogram.

Chinese aluminum prices were mixed for the day. Chinese primary aluminum cash price weakened by 0.2 percent on the SHFE, settling at CNY 16,060 ($2,545) 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 billet remained essentially flat at CNY 16,100 ($2,551) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,226) per metric ton.

The cash price of Japanese primary copper saw a 4.5 percent decline, finishing at JPY 677,000 ($8,468) per metric ton and making it the week’s biggest mover on the Copper MMI®. With a 0.6 percent decrease, US copper producer grade 122 closed the week at $6 per pound. Since last week, the price of US copper producer grade 110 fell to $6.69 per pound after moving 0.6 percent. The price of US copper producer grade 102 saw a 0.6 percent drop this week, closing at $6.88 per pound. Following a steady week, prices for Korean copper strip closed flat at KRW 10,850 ($9) per kilogram.

Chinese copper prices were down for the week. Chinese copper bar fell 0.8 percent over the past week to CNY 58,620 ($9,289) per metric ton. Chinese primary cash copper fell 0.8 percent on the SHFE for the week to settle at CNY 58,820 ($9,321) per metric ton. Chinese copper wire saw a 0.7 percent decline over the past week to CNY 57,850 ($9,167) per metric ton. Following a 1.1 percent increase in the week prior, the price of Chinese bright copper scrap fell 0.2 percent last week to CNY 50,500 ($8,002) per metric ton.

The primary copper 3-month price fell 2.5 percent last week on the LME, settling at $8,052 per metric ton. The price of primary cash copper declined to $8,195 per metric ton after drifting 1.5 percent since last week.

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.

The cash price of steel billet saw a 1.3 percent drop on the LME on May 11, 2012, landing at $453 per metric ton and making it the biggest mover of the day. Also on the LME, the 3-month price of steel billet declined 1.1 percent to $470 per metric ton.

Chinese steel closed mixed last Friday. The price of iron ore 58% fines from India hit a low price of CNY 855 ($135) and a high price of CNY 865 ($137) per dry metric ton. Chinese slab prices saw a 0.7 percent decline to CNY 4,210 ($667) per metric ton. The price of Chinese HRC showed little movement last Friday at CNY 4,230 ($670) per metric ton.

The spot price of US HRC futures contract finished the day at $670 per short ton following a 0.8 percent increase. The 3-month price of US HRC futures fell 0.7 percent last Friday to $665 per short ton.

Rising 1.3 percent to close at $8,195 per metric ton, the price of primary cash copper experienced the biggest change on the LME for May 11, 2012. Also on the LME, the primary copper 3-month price inched up one percent to $8,052 per metric ton.

The price of US copper producer grade 122 gained 0.5 percent to finish at $6 per pound. At $6.69, the price of US copper producer grade 110 finished the market day up 0.5 percent per pound. The Japanese primary copper cash price fell 0.4 percent to JPY 677,000 ($8,468) per metric ton. The price of US copper producer grade 102 increased 0.4 percent to $6.88 per pound.

Chinese copper prices closed flat for the day. Chinese copper bar stayed flat at around CNY 58,620 ($9,289) per metric ton. On the SHFE, the cash price of Chinese primary copper saw little change in its price last Friday at CNY 58,820 ($9,321) per metric ton. At CNY 57,850 ($9,167) per metric ton, the price of Chinese copper wire was essentially unchanged. The price of Chinese bright copper scrap remained steady at CNY 50,500 ($8,002) per metric ton.

The week’s biggest mover on the Automotive MMI® was the price of US palladium bar, which saw a 5.8 percent decline to $612.00 per ounce. This week marked the third in a row of declining prices for the metal. Closing out the third week of declining prices, the price of US platinum bar dropped by 1.7 percent, finishing at $1,495 per ounce.

US HDG steel fell 0.4 percent over the past week to $824 per short ton.

The 3-month price of primary copper fell to $7,970 per metric ton after a 3.5 percent decrease from the previous week. Primary cash copper prices were off slightly at $8,089 per metric ton, down from $8,318 a week ago. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week at KRW 4,360 ($3) per kilogram. The price of Chinese primary lead stayed essentially flat on the SHFE at CNY 15,650 ($2,479) per metric ton.

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.

With a decline of 6.1 percent on the LME to $459 per metric ton on May 10, 2012, the steel billet cash price recorded the biggest shift of the day. The 3-month price of steel billet weakened by one percent on the LME, settling at $475 per metric ton.

Chinese steel closed mixed on Thursday. 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. The price of Chinese slab fell 2.5 percent yesterday to CNY 4,240 ($671) per metric ton. The price of Chinese HRC flattened at CNY 4,230 ($670) following two-days of declines.

For the fifth consecutive day, the 3-month price of US HRC futures held flat at $670 per short ton. The spot price of US HRC futures contract remained essentially flat at $665 per short ton.

Closing at INR 55,345 ($1,027) per kilogram on May 10, 2012, Indian silver rose 0.7 percent to finish as the day’s biggest mover. US silver prices inched up 1.2 percent to $29.27 per ounce. Chinese silver closed 0.5 percent lower at CNY 6,190 ($980) per kilogram. Japanese silver stayed flat at around JPY 743.00 ($9.34) per 10 grams.

Indian gold bullion saw its price rise 2.6 percent to INR 29,281 ($543) per 10 grams. After a 0.2 percent increase, US gold bullion finished the day at $1,589 per ounce. The price of Chinese gold bullion showed little movement on Thursday at CNY 324.60 ($51.43) per gram. At JPY 4,094 ($51) per gram, the price of Japanese gold bullion was essentially unchanged.

At $1,495 per ounce, US platinum bar fell 0.4 percent yesterday. The price of Chinese platinum bar declined 0.3 percent to CNY 325.00 ($51.50) per gram. The price of Japanese platinum bar held steady at JPY 3,859 ($48) per gram.

The price of Chinese palladium bar fell 1.3 percent to CNY 150.00 ($23.77) per gram. US palladium bar ended the day at $612.00 per ounce, after the 0.3 percent drop yesterday. Japanese palladium bar saw little change in its price on Thursday at JPY 1,581 ($19) per gram.

1 60 61 62 63 64 73