The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 6.5 percent decline to $696.00 per ounce. This comes on the heels of a 0.3 percent increase the week before. The price of US platinum bar fell 2.9 percent to $1,491 per ounce after rising 1.8 percent the week before.
US HDG traded sideways last week, hovering around $751.00 per short ton.
The Chinese lead price declined to CNY 14,500 ($2,369) per metric ton after drifting 1.7 percent since last week. Since last week, the price of the copper 3-month price fell to $7,160 per metric ton on the LME after moving 1.6 percent. With a 1.5 percent decrease on the LME, the primary copper cash price closed the week at $7,125 per metric ton. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat at KRW 4,360 ($3.98) 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.