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The week’s biggest mover in steel prices was Korean steel scrap, which saw a 2.3 percent decline to KRW $430,000 ($378) per metric ton. Korean pig iron held steady from the previous week at KRW $790,000 ($694) per metric ton.

Chinese steel prices were mixed for the week. The price of iron ore 58% fines from India ranged from CNY 870 ($138) to CNY 880 ($139). Chinese coking coal remained essentially flat from the previous week at CNY 1,780 ($282) per metric ton. In the past week, Chinese slab saw its price drift up 0.2 percent to CNY 4,400 ($698) per metric ton.

The cash price of steel billet declined one percent on the LME over the past week to $485 per metric ton. The 3-month price of steel billet saw a one percent decline over the past week on the LME, closing at $500 per metric ton.

The 3-month price of the US HRC futures contract fell one percent over the past week, settling at $685 per short ton. The US HRC futures contract spot price remained steady from the previous week at $690 per short ton. Meanwhile, the price of US shredded scrap rose 0.5 percent to $437 per short ton after falling 1.4 percent during the week prior.

With a decline of 3.3% to CNY $17,800 ($2,818) per metric ton on April 18, 2012, Chinese 316 stainless steel scrap recorded the biggest price shift of the day. The price of Chinese 304 stainless steel scrap fell 0.5% yesterday to CNY $18,500 ($2,929) per metric ton after three straight days with no change. After remaining flat for three days, the price of Chinese 304 stainless coil fell 0.5% on Tuesday to CNY $18,500 ($2,929) per metric ton. Chinese 316 stainless coil stayed flat at around CNY $32,000 ($5,067) per metric ton.

Stainless Steel Raw Material Inputs

The price of Chinese ferro-moly saw essentially no change for the fifth day in a row, remaining around CNY $145,000 ($22,960) per metric ton. The price of Chinese ferro-chrome saw little movement at CNY $8,300 ($1,314) per metric ton.

Following two days of rising prices, the primary nickel price dropped 2.5% on the LME to $17,945 per metric ton. After falling for two days, the 3-month price of nickel rose 2.4% on the LME to $18,005 per metric ton. The price of Chinese primary nickel declined 0.9% to CNY $130,300 ($20,632) per metric ton.

The SHFE cash price of copper saw the biggest upwards shift for the day, rising 0.9% to close at CNY $58,400 ($9,266) per metric ton on April 18, 2012. Following a two-day drop, the price of Chinese bright copper scrap increased by 0.5% to CNY $49,700 ($7,886) per metric ton. Chinese copper wire saw its price rise 0.4% to CNY $57,100 ($9,060) per metric ton.

The cash price of Japanese primary copper saw a 0.4% decline to JPY 674,000 ($8,353) per metric ton. The US copper producer grade 110 price gained 0.3% to finish at $6.64 per pound. US copper producer grade 102 saw its price rise 0.3% to $6.83 per pound.

After falling for two days, the cash price of primary copper rose 0.6% on the LME to $8,100 per metric ton. The 3-month price of primary copper rose 0.3% on the LME to $8,015 per metric ton after a two-day drop.

On April 18, 2012, the day’s biggest mover in precious metals prices was Japanese palladium bar, which saw a 3.9% increase to JPY 1,729 ($21) per gram. At $661.00, the price of US palladium bar finished the market day up 1.8% per ounce. The price of Chinese palladium bar increased 1.6% to CNY 160.50 ($25.47) per gram.

Japanese gold bullion gained 1.5% to finish at JPY 4,327 ($53) per gram. The price of Indian gold bullion is back up, rising by 0.3% on Wednesday to close at INR 28,472 ($553) per 10 grams. Following a 0.2% rise yesterday, the price of US gold bullion closed at $1,643 per ounce. Following two days of dropping prices, the price of Chinese gold bullion flattened out at CNY 336.30 ($53.36).

Japanese silver prices inched up 1.7% to JPY 820.00 ($10.16) per 10 grams. The price of Indian silver rose 0.8% to INR 55,867 ($1,085) per kilogram after a two-day drop. Chinese silver prices rose 0.6% to CNY 6,620 ($1,050) per kilogram. The price of US silver held steady at $31.53 per ounce.

After falling for two days, the price of Japanese platinum bar rose 2.5% to JPY 4,139 ($51) per gram. Following a two-day drop, the price of US platinum bar increased by 1.0% to 1,581 per ounce. After a 0.9% increase, Chinese platinum bar finished the day at CNY 342.50 ($54.35) per gram.

Editors Note: In some cases (e.g. Japan and China) prices hold steady because they represent transacted prices and are not exchange-traded.

On April 18, 2012, the day’s biggest mover was the SHFE cash price of Chinese primary aluminum, which saw a 2.6% increase to CNY $16,000 ($2,538) per metric ton.

The price of Chinese aluminum billet increased 0.3% to CNY $16,050 ($2,546) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY $14,050 ($2,229) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY $16,650 ($2,642) per metric ton.

Following a two-day drop, the 3-month price of primary aluminum increased by 0.9% on the LME to $2,087 per metric ton. After falling for two days, the cash price of primary aluminum rose 0.7% on the LME to $2,040 per metric ton. The cash price of Indian primary aluminum increased 0.4% to INR $105.65 ($2.05) per kilogram.

 

With a decline of 3.5 percent on the LME to $17,805 per metric ton on April 17, 2012, the 3-month price of nickel recorded the biggest shift of the day. The price of Chinese primary nickel remained pretty much even at CNY 131,500 ($20,866) per metric ton.

Looking at ferro alloys, the price of Chinese ferro-chrome held steady at CNY 8,300 ($1,317) per metric ton. The price of Chinese ferro-moly was unchanged at CNY 145,000 ($23,008) per metric ton.

Chinese stainless steel prices closed mixed. After three straight days of no change, the price of Chinese 304 stainless steel scrap decreased by 0.5 percent to CNY 18,500 ($2,935) per metric ton. The price of Chinese 316 stainless coil stayed steady at CNY 32,000 ($5,077) per metric ton. The price of Chinese 304 stainless coil fell 0.5 percent to CNY 18,500 ($2,935) per metric ton. The Chinese 316 stainless steel scrap price also fell 0.5 percent to CNY 18,300 ($2,903) per metric ton after two days with no change.

Chinese palladium bar saw the biggest upwards shift for the day, rising 3.5 percent to close at CNY 160.50 ($25.47) per gram on April 17, 2012. Japanese palladium bar rose 3.5 percent to JPY 1,729 ($21) per gram. At $661.00, the price of US palladium bar finished the market day up 2.3 percent per ounce.

Japanese gold bullion prices rose 1.4 percent to JPY 4,327 ($53) per gram. The price of US gold bullion fell 0.6 percent to $1,643 per ounce. The price of Indian gold bullion increased 0.2 percent to INR 28,472 ($553) per 10 grams. The price of Chinese gold bullion held steady at CNY 336.30 ($53.36) per gram.

Japanese silver prices inched up 1.7 percent to JPY 820.00 ($10.16) per 10 grams. Chinese silver gained 0.5 percent to finish at CNY 6,620 ($1,050) per kilogram. After a 0.5 percent increase, Indian silver finished the day at INR 55,867 ($1,085) per kilogram. US silver stayed flat at around $31.53 per ounce.

Japanese platinum bar prices rose two percent to JPY 4,139 ($51) per gram. Chinese platinum bar saw its price rise 1.2 percent to CNY 342.50 ($54.35) per gram. US platinum bar prices inched up 0.6 percent to $1,581 per ounce.

The cash price of Indian primary aluminum saw the biggest increase at 0.7 percent, finishing at INR 105.65 ($2.05) per kilogram for April 18, 2012. On the LME, the cash price of primary aluminum declined 0.3 percent to $2,040 per metric ton. Also on the LME, the 3-month price of primary aluminum held steady around $2,087 per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese primary aluminum rose 0.4 percent to CNY 16,000 ($2,538) per metric ton. At CNY 16,050 ($2,546), the price of Chinese aluminum billet finished the market day up 0.3 percent per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,642) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,229) per metric ton.

US palladium bar saw the largest upwards shift on the precious metals MMI, rising 4.4 percent to settle at $661.00 per ounce. The price of Chinese palladium bar increased by a slight 2.2 percent over the past week to CNY 160.50 ($25.47) per gram. Japanese palladium bar prices ticked up one percent over the past week to JPY 1,729 ($21) per gram.

The price of Indian gold bullion rose one percent over the past week to INR 28,472 ($553) per 10 grams. This was the third week in a row of increasing prices. US gold bullion rose 0.3 percent over the past week to $1,643 per ounce. The price of Chinese gold bullion declined 0.3 percent over the past week, settling at CNY 336.30 ($53.36) per gram. Japanese gold bullion saw its price rise 0.2 percent over the past week to JPY 4,327 ($53) per gram.

The price of US silver rose 0.4 percent to $31.53 per ounce after falling one percent during the week prior. The price of Indian silver rose 0.4 percent to INR 55,867 ($1,085) per kilogram after falling 0.3 percent during the week prior. Chinese silver fell 0.2 percent over the past week to CNY 6,620 ($1,050) per kilogram. Japanese silver remained essentially flat from the previous week at JPY 820.00 ($10.16) per 10 grams.

Japanese platinum bar saw a 2.8 percent decline over the past week to JPY 4,139 ($51) per gram. Chinese platinum bar fell two percent over the past week to CNY 342.50 ($54.35) per gram. Closing out the third week of declining prices, the price of US platinum bar dropped by 0.6 percent, finishing at $1,581 per ounce.

The week’s biggest mover in rare earth metals this week was Yttrium, which saw an 89.0 percent increase. Over the past week, Samarium Oxide rose 20.0 percent. The price of Lanthanum Oxide rose 6.5 percent over the past week per metric ton. This was the third week in a row of increasing prices.

Yttria rose 6.2 percent over the past week to CNY 170,000 ($26,972) per metric ton. The price of Terbium Oxide rose 5.8 percent this week, closing out the third week at CNY 6,350 ($1,007) per kilogram. The price of Terbium Oxide rose 5.8 percent over the past week. This was the third week in a row of increasing prices. Closing out the third week of rising prices, the price of Neodymium Oxide increased by 4.4 percent.

The price of Praseodymium Oxide rose 3.8 percent this week. In the past week, the price of neodymium shot up 3.6 percent. Closing out the third week of rising prices, the price of Cerium Oxide increased by 2.3 percent. Dysprosium Oxide prices ticked up 1.1 percent over the past week.

Praseodymium Neodymium Oxide remained essentially flat from the previous week. Rare Earth Carbonate held steady from the previous week. At CNY 8,750 ($1,388) per kilogram, the price of Terbium Metal was essentially unchanged from the previous week.

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