The biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 2.8 percent decline. This comes on the heels of a 3.4 percent increase the week before.
After a 0.4 percent decline, US HDG steel closed out the week down.
Following a 1.4 percent increase in the week prior, the 3-month price of copper fell 2.3 percent on the LME last week to $7,946 per metric ton. The cash price of primary copper fell 1.4 percent on the LME to $7,985 per metric ton after rising 0.6 percent the week before.
Korean 5052 coil premium over 1050 sheet remained unchanged for the week. The Chinese lead price traded sideways last week as well.
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.