Automotive MMI® prices rose across the board during the week of Nov. 19, 2012. The biggest mover on the weekly automotive metals price index was the price of US HDG, which saw a 2.8 percent increase. This week marked the third in a row of rising prices for the metal.
The price of Chinese lead fell 1.5 percent after rising 0.2 percent the week before. The cash price of primary copper rose 1.2 percent on the LME to $7,724 per metric ton after falling 0.3 percent during the previous week. The copper 3-month price rose 0.8 percent on the LME to $7,704 per metric ton after falling 0.2 percent during the previous week.
The price of Korean 5052 coil premium over 1050 aluminum sheet did not change since the previous week.
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.