The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 3.9 percent increase to $718.00 per ounce. This comes on the heels of a 0.7 percent decline the week prior. The price of US platinum bar fell 0.4 percent over the past week to $1,463 per ounce. This was the third week in a row of declining prices.
The price of US HDG rose 0.4 percent to $746.00 per short ton after falling 1.1 percent during the previous week.
At CNY 14,050 ($2,296) per metric ton, the price of Chinese lead finished the week down 2.3 percent. The copper 3-month price fell 1.0 percent on the LME to $7,118 per metric ton after rising 0.4 percent the week before. Following a 0.5 percent increase in the week prior, the cash price of primary copper fell 1.0 percent on the LME last week to $7,090 per metric ton. At KRW 4,360 ($4.03) per kilogram, the week finished with no movement for Korean 5052 coil premium over 1050 sheet.
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.