The week’s biggest mover on the weekly Automotive MMI® was the price of US platinum bar, which saw a 2.6 percent decline to $1,387 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar fell 0.6 percent to $717.00 per ounce after rising 0.4 percent the week before.
The price of US HDG rose 0.1 percent to $736.00 per short ton after falling 1.5 percent during the previous week.
This past week, the 3-month price of copper kept quiet, holding at on the LME at $7,182 per metric ton. At $7,156 per metric ton, the cash price of primary copper remained essentially flat on the LME. At KRW 4,360 ($4.06) per kilogram, the price of Korean 5052 coil premium over 1050 sheet did not change since the previous week. Following a steady week, prices for the Chinese lead price closed flat at CNY 14,100 ($2,304) per metric ton.
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.