The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 2.1 percent increase to $715.00 per ounce. This comes on the heels of a 2.4 percent decline the week prior. The price of US platinum bar rose 1.2 percent to $1,394 per ounce after falling 0.7 percent during the previous week.
At $733.00 per short ton, the week finished with no movement for US HDG.
The price of Chinese lead rose 0.9 percent to CNY 14,200 ($2,328) per metric ton after falling 0.2 percent during the previous week. The primary copper cash price rose 0.3 percent on the LME to $7,158 per metric ton after falling 0.2 percent during the previous week. On the LME, the copper 3-month price remained steady from the previous week at $7,180 per metric ton. Korean 5052 coil premium over 1050 sheet traded sideways last week, hovering around KRW 4,360 ($4.10) 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.