The week’s biggest mover on the weekly Automotive MMI® was the price of US HDG, which saw a 2.8 percent decline to $720.00 per short ton. This week marked the third in a row of declining prices for the metal.
The cash price of primary copper fell 1.8 percent on the LME over the past week to $6,935 per metric ton. This was the fourth week in a row of declining prices. The copper 3-month price fell 1.7 percent on the LME over the past week to $6,973 per metric ton. This was the fourth week in a row of declining prices. The Chinese lead price fell 0.2 percent for the week to settle at CNY 13,875 ($2,244) per metric ton. At KRW 4,360 ($3.89) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet.
The price of US palladium bar rose 0.9 percent to $668.00 per ounce after falling 7.9 percent during the previous week. The price of US platinum bar rose 0.3 percent to $1,426 per ounce after falling 6.8 percent during 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.