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The week’s biggest mover on the Copper MMI® was the LME cash price of primary copper, which saw a 3.9 percent increase to $8,356 per metric ton. This comes on the heels of a 1.5 percent decline the week prior. The primary copper 3-month price rose 3.1 percent on the LME to $8,255 per metric ton after falling 1.4 percent during the previous week.

Prices for Chinese copper were up for the week. Chinese copper wire prices ticked up 1.2 percent over the past week to CNY 58,225 ($9,257) per metric ton. Last week, the cash price of Chinese primary copper shifted slightly on the SHFE, rising by 1.2 percent to close at CNY 59,350 ($9,436) per metric ton. The price of Chinese bright copper scrap rose 0.2 percent to CNY 50,050 ($7,958) per metric ton after falling 1.1 percent during the previous week.

The price of US copper producer grade 110 rose 2.1 percent to $6.76 per pound after falling 0.2 percent during the previous week. The US copper producer grade 102 price increased 2.1 percent to $6.95 per pound after losing 0.1 percent the week before. The cash price of Japanese primary copper rose two percent to JPY 703,000 ($8,711) per metric ton after falling one percent during the previous week. Korean copper strip prices held steady from the prior week at KRW 10,850 ($9) per kilogram.

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.

On April 27, 2012, the day’s biggest mover was the steel billet cash price, which saw a 1.1 percent increase on the LME to $470 per metric ton. This increase comes after the price fell for the two previous days. After a one percent increase, steel billet 3-month prices finished the day on the LME at $485 per metric ton.

Chinese steel closed mixed last Friday. The price of iron ore 58% fines from India hit a high price of CNY 860 ($136) and a low price of CNY 870 ($138) per dry metric ton. Friday saw the price of Chinese slab shift 0.7 percent to CNY 4,360 ($693) per metric ton after three quiet days. For the fifth day in a row, the price of Chinese coking coal remained essentially flat at CNY 1,780 ($283) per metric ton.

The US HRC futures contract 3-month price stayed steady at $670 per short ton. The spot price of US HRC futures contract saw little change in its price at $685 per short ton.

Nickel 3-month prices saw the biggest upwards shift for the day, rising three percent on the LME to close at $18,065 per metric ton on April 27, 2012. Also on the LME, the price of primary nickel rose 2.7 percent to $17,965 per metric ton.

Chinese stainless steel prices were mixed for the day. For the fifth day in a row, 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 ($23,055) per metric ton.

The price of Chinese primary nickel gained 1.1 percent to finish at CNY 133,000 ($21,147) per metric ton. The price of Chinese 316 stainless coil remained steady at CNY 31,500 ($5,008) per metric ton. The price of Chinese 304 stainless coil continues hovering around CNY 18,600 ($2,957) per metric ton for the fifth day in a row. The price of Chinese 316 stainless steel scrap remained essentially flat at CNY 18,200 ($2,886) per metric ton. For the fifth consecutive day, the price of Chinese 304 stainless steel scrap held flat at CNY 18,600 ($2,957) per metric ton.

The Global Aluminum Market – April 27, 2012

Indian primary aluminum saw a 1.6 percent increase on April 27, 2012, reaching INR 108.95 ($2.07) per kilogram and making it the biggest upwards shift of the day. At $2,040 per metric ton, the cash price of primary aluminum reversed its two-day flat trend on the LME. Also on the LME, primary aluminum 3-month prices were steady at $2,080 per metric ton.

Chinese aluminum prices balanced out for the day. The price of Chinese aluminum scrap held steady at CNY 16,650 ($2,647) per metric ton. The Chinese aluminum billet price was unchanged at CNY 16,100 ($2,559) per metric ton. Chinese aluminum bar saw essentially no change in its price for the fifth day in a row, remaining around CNY 14,050 ($2,233) per metric ton. On the SHFE, Chinese primary aluminum cash prices saw little movement last Friday at CNY 16,080 ($2,556) per metric ton.

The Global Copper Market – April 27, 2012

US copper producer grade 110 saw the biggest upwards price shift for the day, rising 0.9 percent to close at $6.76 per pound on April 27, 2012. The price of US copper producer grade 102 increased 0.9 percent to $6.95 per pound. The cash price of Japanese primary copper improved by 0.7 percent, closing at JPY 703,000 ($8,711) per metric ton last Friday.

Chinese copper closed mixed last Friday. After a 0.8 percent increase, the SHFE cash price of Chinese primary copper finished the day at CNY 59,350 ($9,436) per metric ton. Chinese copper wire saw its price rise 0.7 percent to CNY 58,225 ($9,257) per metric ton. Chinese bright copper scrap saw little change in its price last Friday at CNY 50,050 ($7,958) per metric ton.

The primary copper cash price on the LME has been on the rise for seven days and is now at $8,356 per metric ton. Also on the LME, primary copper 3-month prices rose 0.7 percent to $8,255 per metric ton.

PGM Market Overview

On April 27, 2012, the day’s biggest mover was the price of US palladium bar, which saw a 2.9 percent increase to $677.00 per ounce. This increase comes after the price fell for the two previous days. The price of Chinese palladium bar rose 0.6 percent to CNY 161.00 ($25.60) per gram after a two-day drop. At JPY 1,745 ($21), the price of Japanese palladium bar finished the market day up 0.1 percent per gram.

On the tail of a three-day flat spell, the price of US platinum bar rose by 1.2 percent, settling at $1,569 per ounce. Chinese platinum bar finished the day up 0.7 percent to CNY 338.00 ($53.74) per gram. Japanese platinum bar prices inched up 0.3 percent to JPY 4,075 ($50) per gram.

Gold and Silver Prices

US gold bullion prices rose 0.9 percent to $1,664 per ounce. After a 0.5 percent increase, Indian gold bullion finished the day at INR 29,002 ($552) per 10 grams. The price of Japanese gold bullion changed direction with a 0.4 percent drop. After two days of improving prices, the finished at JPY 4,290 ($53) per gram. Chinese gold bullion saw its price rise 0.4 percent to CNY 336.61 ($53.52) per gram.

Following a two-day drop, the price of US silver increased by 1.7 percent to $31.27 per ounce. Following a one percent rise last Friday, the price of Indian silver closed at INR 55,830 ($1,063) per kilogram. Chinese silver gained 0.9 percent to finish at CNY 6,515 ($1,035) per kilogram. The price of Japanese silver held steady at JPY 797.00 ($9.88) per 10 grams.

The week’s biggest mover on the Aluminum MMI® was Indian primary aluminum cash prices, which saw a two percent increase to INR 107.25 ($2.04) per kilogram. This comes on the heels of a 1.1 percent decline the week before. The 3-month price of primary aluminum rose 0.6 percent on the LME to $2,080 per metric ton after falling 1.9 percent during the week prior. The cash price of primary aluminum rose 0.6 percent on the LME to $2,040 per metric ton after falling two percent the previous week.

Chinese aluminum prices were mixed for the week. Last week, Chinese primary aluminum cash prices increased by a slight 0.5 percent on the SHFE to CNY 16,080 ($2,550) per metric ton. Chinese aluminum billet prices ticked up 0.3 percent over the past week to CNY 16,100 ($2,553) per metric ton. Closing at CNY 14,050 ($2,228) per metric ton, Chinese aluminum bar remained unchanged for the week.

Korean 3003 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,210 ($3) per kilogram. At KRW 4,360 ($3) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet. European 5083 plate prices held steady from the previous week at EUR 3,038 ($3,989) per metric ton. Prices for European 1050 aluminum remained constant, closing the week at EUR 2,415 ($3,171) per metric ton.

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

The week’s biggest mover on the Automotive MMI® was primary copper cash prices, which saw a 2.5 percent increase on the LME to $8,285 per metric ton. This comes on the heels of a 1.2 percent decline the week prior. The LME primary copper 3-month price rose 2.1 percent to $8,200 per metric ton after falling 1.3 percent during the week prior.

The Chinese primary lead price rose 0.3 percent on the SHFE to CNY 15,750 ($2,497) per metric ton after falling 0.6 percent during the week prior. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat at KRW 4,360 ($3) per kilogram.

The price of US HDG rose 0.6 percent over the past week to $836 per short ton. This was the third week in a row of increasing prices.

The price of US platinum bar dropped 1.9 percent this week, closing out the third consecutive week of falling prices at $1,551 per ounce. The price of US palladium bar fell 0.6 percent to $658.00 per ounce after rising 2.6 percent during the week prior.

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.

The LME 3-month price of primary aluminum saw the biggest increase at 0.5 percent, finishing at $2,080 per metric ton for April 26, 2012. The LME primary aluminum cash price rose 0.5 percent to $2,040 per metric ton. The price of Indian primary aluminum has been on the rise for seven days and is now at INR 107.25 ($2.04) per kilogram.

Chinese aluminum prices closed mixed yesterday. The SHFE primary aluminum cash price has been on the rise for seven days and is now at CNY 16,080 ($2,550) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,640) per metric ton. Chinese aluminum billet saw little fluctuation in its price yesterday at CNY 16,100 ($2,553) per metric ton. The price of Chinese aluminum bar hardly moved, staying at CNY 14,050 ($2,228) per metric ton.

Daily Steel Price Trend Roundup

With a decline of 1.1 percent on the LME to $470 per metric ton on April 26, 2012, steel billet cash prices recorded the biggest shift of the day. Also on the LME, the 3-month price of steel billet saw little movement yesterday at $490 per metric ton.

Chinese steel prices closed flat for the day. Iron ore 58% fines from India ranged from CNY 860 ($136) to CNY 870 ($137) per dry metric ton. The price of Chinese coking coal continues hovering around CNY 1,780 ($282) per metric ton for the fifth day in a row. Chinese slab held its value on Thursday at CNY 4,390 ($696) per metric ton.

After two changeless days, the 3-month price of US HRC futures fell 0.4 percent to $670 per short ton. The spot price of US HRC futures contract saw little change in its price on Tuesday at $685 per short ton.

Stainless Steel, Nickel and Other Inputs

On April 26, 2012, the day’s biggest mover on stainless steel markets was the price of Chinese 316 stainless coil, which saw a 1.6 percent decline to CNY 31,500 ($4,995) per metric ton. This was the third straight day of declining prices for the metal.

The price of Chinese primary nickel increased 0.6 percent to CNY 131,500 ($20,855) per metric ton. The price of Chinese 304 stainless steel scrap remained essentially flat at CNY 18,600 ($2,949) per metric ton. The price of Chinese 316 stainless steel scrap showed little movement yesterday at CNY 18,200 ($2,886) per metric ton. At CNY 18,600 ($2,949) per metric ton, the price of Chinese 304 stainless coil were essentially unchanged.

For the fifth consecutive day, the price of Chinese ferro-chrome held flat at CNY 8,300 ($1,316) per metric ton. The price of Chinese ferro-moly remained essentially flat at CNY 145,000 ($22,996) per metric ton.

The nickel 3-month price saw a 0.7 percent decline on the LME to $17,540 per metric ton. Also on the LME, the price of primary nickel fell 0.7 percent to $17,485 per metric ton.

PGM Price Update

With a decline of 1.2 percent to CNY 160.00 ($25.38) per gram on April 26, 2012, Chinese palladium bar recorded the biggest price shift of the day. US palladium bar closed 1.1 percent lower at $658.00 per ounce. The price of Japanese palladium bar declined 0.5 percent to JPY 1,743 ($21) per gram.

After falling for two days, the price of Chinese platinum bar rose 0.4 percent to CNY 335.50 ($53.21) per gram. After a 0.3 percent increase, Japanese platinum bar finished the day at JPY 4,062 ($49) per gram. US platinum bar stayed flat at around $1,551 per ounce.

Gold and Silver Price Update

The price of US gold bullion increased 0.6 percent to $1,649 per ounce. Japanese gold bullion gained 0.3 percent to finish at JPY 4,309 ($53) per gram. At INR 28,868 ($549), the price of Indian gold bullion finished the market day up 0.2 percent per 10 grams. Chinese gold bullion prices inched up 0.2 percent to CNY 335.18 ($53.16) per gram.

Indian silver finished the day down 0.5 percent to INR 55,273 ($1,051) per kilogram. At $30.74 per ounce, US silver fell 0.2 percent on Thursday. Chinese silver at CNY 6,455 ($1,023) per kilogram, after the 0.2 percent drop yesterday. Japanese silver prices saw a 0.1 percent decline to JPY 797.00 ($9.80) per 10 grams.

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