Rising 2.1 percent on the LME to $8,528 per metric ton made the cash price of copper this week’s biggest mover on the Automotive MMI®. Also on the LME, the 3-month price of primary copper ticked up 1.6 percent over the past week to $8,390 per metric ton.
The price of Chinese primary lead shifted 0.3 percent on the SHFE to close at CNY 15,775 ($2,499) per metric ton this week. Korean 5052 coil premium over 1050 sheet remained essentially flat from the previous week.
Following a 0.6 percent increase in the week prior, the price of US HDG fell 1.1 percent last week.
The price of US palladium bar fell 1.3 percent to $668.00 per ounce after rising 0.7 percent the week before. The price of US platinum bar fell 0.6 percent over the past week to $1,559 per ounce. This was the third week in a row of declining prices.
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.