This past week, US platinum bar dropped 1.5 percent on the weekly Automotive MMI®, landing at $1,469 per ounce as the week’s biggest mover. For the third week in a row, the price of US palladium bar dropped, falling 0.7 percent to $691.00 per ounce.
After a 1.1 percent decline, US HDG closed out the week at $743.00 per short ton.
The Chinese lead price dropped 0.9 percent this week, closing out the third consecutive week of falling prices at CNY 14,375 ($2,349) per metric ton. The primary copper cash price rose 0.5 percent on the LME to $7,162 per metric ton after falling 1.5 percent during the previous week. The 3-month price of copper rose 0.4 percent on the LME to $7,190 per metric ton after falling 1.6 percent during the previous week. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 4,360 ($4.01) 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.