The price of US HDG increased by a slight 1.4 percent over the past week to $743.00 per short ton.
The Chinese lead price rose 0.7 percent over the past week to CNY 14,300 ($2,351) per metric ton. The primary copper cash price settled at $7,200 per metric ton this week after shifting up 0.6 percent on the LME. On the LME, the copper 3-month price ticked up 0.5 percent over the past week to $7,215 per metric ton. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at 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.