The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 2.9 percent decline to $1,533 per ounce. This comes on the heels of a 0.3 percent increase the week before. The price of US palladium bar fell 2.0 percent to $751.00 per ounce after rising 1.1 percent the week before.
After a 1.1 percent decline, US HDG closed out the week at $752.00 per short ton.
Following a 0.3 percent increase in the week prior, the primary copper cash price fell 2.6 percent on the LME last week to $7,405 per metric ton. Closing out the third week of declining prices, the 3-month price of copper dropped by 1.8 percent on the LME, finishing at $7,436 per metric ton. The Chinese lead price dropped 1.2 percent this week, closing out the third consecutive week of falling prices at CNY 14,275 ($2,302) per metric ton. Korean 5052 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,360 ($3.90) 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.