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On May 8, 2012, the cash price of Indian primary nickel fell by 1.4 percent, landing at INR 919 ($17) per kilogram and making it the day’s biggest mover on stainless steel and its raw material inputs markets. On the LME, the primary nickel price remained essentially flat at $17,370 per metric ton. The 3-month price of nickel flattened at $17,425 per metric ton after two days of downward movement on the LME. The price of Chinese primary nickel saw little movement on Tuesday at CNY 131,200 ($20,856) per metric ton.

Chinese stainless steel prices were flat for the day. The price of Chinese ferro-chrome remained essentially flat at CNY 8,300 ($1,319) per metric ton. The price of Chinese ferro-moly saw little movement at CNY 145,000 ($23,050) per metric ton.

The price of Chinese 316 stainless coil was unchanged at CNY 31,500 ($5,007) per metric ton. At CNY 18,700 ($2,972) per metric ton, the price of Chinese 304 stainless coil was essentially unchanged. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row, remaining around CNY 18,200 ($2,886) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,700 ($2,972) per metric ton.

After falling 0.7 percent, silicon landed at CNY 14,600 ($2,320) per metric ton, making it the week’s biggest mover on the Renewables MMI®. At CNY 250,000 ($39,742) per metric ton, the week finished with no movement for Chinese cobalt cathodes. Following a steady week, prices for neodymium closed flat at CNY 715,000 ($113,663) per metric ton. At CNY 4,810 ($764) per metric ton, the price of Chinese steel plate did not change since the previous week.

Closing at JPY 80,000 ($1,000) per metric ton, Japanese steel plate remained unchanged for the week. Prices for Korean steel plate remained constant, closing the week at KRW 1.1 million ($971) per metric ton. Chinese steel plate prices held steady from the previous week at CNY 4,810 ($764) per metric ton. Following a steady week, prices for US steel plate closed flat at $921 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.

This past week, European 1050 aluminum dropped 3.6 percent on the Construction MMI®, landing at EUR $2,327 ($3,055) per metric ton as the biggest mover. Chinese aluminum bar traded sideways last week, hovering around CNY 14,050 ($2,233) per metric ton.

Closing out the third week of declining prices, the price of Chinese rebar dropped by 1.4 percent, finishing at CNY 4,360 ($693) per metric ton. Chinese H-beam steel prices were off slightly at CNY 4,100 ($651) per metric ton, down from CNY 4,150 ($657) a week ago. The Chinese price of 62% Australian iron ore fines declined 0.5 percent over the past week, settling at CNY 1,075 ($170) per dry metric ton. The price of US shredded scrap dropped 0.5 percent this week, closing out the third consecutive week of falling prices at $433 per short ton.

The weekly price for the US Rocky Mountain bar fuel surcharge fell 0.9 percent over the past week to $0.57 per short ton. This was the third week in a row of declining prices. The weekly price for the US Midwest bar fuel surcharge dropped 0.6 percent this week, closing out the third consecutive week of falling prices at $0.55 per short ton. The weekly price for the US Gulf Coast bar fuel surcharge dropped by 0.3 percent, finishing at $0.55 per short 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.

Yesterday saw Indian primary aluminum cash price move down 2.7 percent to INR 107.05 ($2.02) per kilogram, following three quiet days. The primary aluminum cash price saw little price change yesterday on the LME at $2,048 per metric ton. The primary aluminum 3-month price saw little movement on Tuesday on the LME, closing out around $2,088 per metric ton.

Chinese aluminum closed mixed yesterday. At CNY 16,150 ($2,567) per metric ton, Chinese aluminum billet fell 0.3 percent on Tuesday. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 16,650 ($2,646) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,233) per metric ton. On the SHFE, the cash price of Chinese primary aluminum showed little movement on Tuesday, hovering around CNY 16,170 ($2,570) per metric ton.

Following a three-day flat streak, the price of Chinese HRC dropped by 0.9 percent on May 8, 2012.

Meanwhile, Chinese coking coal prices remained essentially flat. For the fifth day in a row, the price of Chinese slab also stayed pat at CNY 4,350 ($691) per metric ton. 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.

On the LME, the steel billet cash price held steady around $480 per metric ton. The steel billet 3-month price saw little movement on Tuesday on the LME, closing out around $485 per metric ton.

For the fifth consecutive day, the 3-month price of US HRC futures held flat at $670 per short ton. The US HRC futures contract spot price saw little change in its price yesterday at $665 per short ton.

US palladium bar had the largest decline on May 8, 2012, dropping 3.9 percent and landing at $624.00 per ounce. Chinese palladium bar gained 0.6 percent to finish at CNY 157.00 ($24.96) per gram. Japanese palladium bar finished the day down 0.2 percent to JPY 1,667 ($20) per gram.

At $1,503 per ounce, US platinum bar fell 1.3 percent yesterday. Japanese platinum bar prices inched up 1.1 percent to JPY 3,931 ($49) per gram. Chinese platinum bar saw its price rise 0.2 percent to CNY 329.00 ($52.30) per gram.

The price of US gold bullion declined 2.1 percent to $1,602 per ounce. Indian gold bullion prices saw a 0.3 percent decline to INR 28,936 ($546) per 10 grams. The price of Japanese gold bullion remained essentially flat at JPY 4,208 ($52) per gram. Chinese gold bullion saw little change in its price on Tuesday at CNY 333.30 ($52.98) per gram.

Indian silver ended the day at INR 54,207 ($1,024) per kilogram, after the 2.4 percent drop on Tuesday. US silver closed 2.1 percent lower at $29.33 per ounce. The price of Chinese silver fell 0.2 percent to CNY 6,365 ($1,011) per kilogram. The price of Japanese silver declined 0.1 percent to JPY 766.00 ($9.58) per 10 grams.

On May 8, 2012, the cash price of Japanese primary copper fell by 3.8 percent, landing at JPY 685,000 ($8,568) per metric ton and making it the day’s biggest mover on the copper markets. The price of US copper producer grade 110 inched up 0.7 percent to $6.77 per pound. At $6, the price of US copper producer grade 122 finished the market day up 0.7 percent per pound. The price of US copper producer grade 102 increased 0.7 percent to $6.96 per pound.

Chinese copper closed mixed yesterday. After a 0.5 percent increase, Chinese copper wire finished the day at CNY 58,050 ($9,228) per metric ton. The price of Chinese copper bar fell 0.4 percent yesterday to CNY 58,880 ($9,360) per metric ton. After remaining flat for three days, the cash price of Chinese primary copper fell 0.4 percent yesterday on the SHFE to CNY 59,080 ($9,391) per metric ton. At CNY 50,600 ($8,043) per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

The 3-month price of primary copper remained essentially flat on the LME at $8,225 per metric ton. The primary copper cash price showed little movement yesterday on the LME at $8,296 per metric ton.

A 1.1 percent increase made the cash price of Indian primary nickel the week’s biggest mover on the Stainless MMI®, closing at INR 933 ($17) per kilogram. The 3-month price of nickel dropped 1.1 percent on the LME this week, closing out the third consecutive week of falling prices at $17,425 per metric ton. The LME primary nickel cash price fell 0.9 percent over the past week to $17,370 per metric ton. This was the third week in a row of declining prices.

Chinese stainless steel and raw material input prices were mixed for the week. Chinese ferro-chrome traded sideways last week, hovering around CNY 8,300 ($1,316) per metric ton. At CNY 145,000 ($22,993) per metric ton, the price of Chinese ferro-moly did not change since the previous week. The price of Chinese primary nickel fell 0.5 percent to CNY 131,200 ($20,805) per metric ton after rising 0.8 percent the week before.

Chinese 304 stainless steel scrap prices ticked up 0.5 percent over the past week to CNY 18,700 ($2,965) per metric ton. Chinese 304 stainless coil saw its price rise 0.5 percent over the past week to CNY 18,700 ($2,965) per metric ton. At CNY 18,200 ($2,886) per metric ton, the week finished with no movement for Chinese 316 stainless steel scrap. Prices for Chinese 316 stainless coil remained constant, closing the week at CNY 31,500 ($4,995) per metric ton.

Closing at KRW 2.6 million ($2,279) per metric ton, Korean 430 stainless steel coil remained unchanged for the week. Following a steady week, prices for Korean 304 stainless coil closed flat at KRW 4.2 million ($3,722) 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.

Dysprosium oxide saw the largest upwards shift on the Rare Earths MMI® , rising 7.5 percent. Cerium oxide saw a 5.4 percent drop-off this week. Terbium oxide prices also climbed 4.6 percent week-on-week, to CNY 6,650 ($1,054) per kilogram, up from CNY 6,350 ($1,006) a week ago.

Europium oxide traded sideways last week, hovering around CNY 8,600 ($1,363) per kilogram. At CNY 82,500 ($13,082) per metric ton, the week finished with no movement for lanthanum oxide. Lanthanum oxide remained essentially flat from the previous week at CNY 82,500 ($13,082) per metric ton. Prices for neodymium remained constant, closing the week at CNY 715,000 ($113,381) per metric ton.

Closing at CNY 440,000 ($69,773) per metric ton, praseodymium neodymium oxide remained unchanged for the week. Praseodymium oxide prices held steady from the previous week at CNY 545,000 ($86,423) per metric ton. Prices for rare earth carbonate remained constant, closing the week at CNY 69,000 ($10,941) per metric ton. At CNY 90,000 ($14,271) per metric ton, the week finished with no movement for samarium oxide.

Closing at CNY 8,750 ($1,387) per kilogram, terbium metal remained unchanged for the week. Yttria traded sideways last week, hovering around CNY 180,000 ($28,543) per metric ton. At CNY 690 ($109) per kilogram, the price of yttrium did not change since the previous week.

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.

A 4.6 percent decline in Japanese palladium bar made it the biggest mover of the week, closing at JPY 1,670 ($20) per gram on the Global Precious Metals MMI®. Following a 0.6 percent increase in the week prior, the price of Chinese palladium bar fell 4.3 percent last week to CNY 156.00 ($24.74) per gram. The price of US palladium bar fell 2.8 percent to $649.00 per ounce after rising 0.5 percent the week before.

Closing out the third week of declining prices, the price of Japanese platinum bar dropped by 3.8 percent, finishing at JPY 3,889 ($48) per gram. The price of Chinese platinum bar fell 2.8 percent to CNY 328.50 ($52.09) per gram after rising 1.2 percent the week before. Following a 0.5 percent increase in the week prior, the price of US platinum bar fell 2.3 percent last week to $1,523 per ounce.

Japanese gold bullion saw a 1.8 percent decline over the past week to JPY 4,210 ($52) per gram. The price of Chinese gold bullion fell 1.1 percent to CNY 333.37 ($52.86) per gram after rising 0.7 percent the week before. Following a 0.8 percent increase in the week prior, the price of US gold bullion fell 0.9 percent last week to $1,637 per ounce. The price of Indian gold bullion fell 0.7 percent to INR 29,035 ($542) per 10 grams after rising 1.4 percent the week before.

The price of Japanese silver decreased to JPY 767.00 ($9.56) per 10 grams, a 3.3 percent decrease from the previous week. The price of US silver fell 1.9 percent over the past week to $29.95 per ounce. This was the third week in a row of declining prices. Following a 0.4 percent increase in the week prior, the price of Chinese silver fell 1.8 percent last week to CNY 6,375 ($1,010) per kilogram. The price of Indian silver rose 0.3 percent to INR 55,529 ($1,038) per kilogram after falling 0.4 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.

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