Automotive MMI®: 4.1% Decrease for US Platinum Bar

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Closing at $1,647 per ounce on the weekly Automotive MMI®, US platinum bar finished as the week’s biggest mover with a 4.1 percent decline. The price of US palladium bar fell 3.5 percent to $739.00 per ounce after rising 0.5 percent the week before.

Following a 0.1 percent increase in the week prior, the price of US HDG fell 0.4 percent last week to $758.00 per short ton.

The copper 3-month price fell 3.0 percent on the LME to $8,009 per metric ton after rising 0.8 percent the week before. The primary copper cash price closed last week at $8,038 per metric ton, after a 2.2 percent drop on the LME. The price of Chinese lead fell 0.7 percent last week, settling at CNY 14,850 ($2,380) per metric ton. Korean 5052 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,360 ($4.03) per kilogram.

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.