The week’s biggest mover on the weekly Automotive MMI® was the price of US palladium bar, which saw a 5.2 percent decline to $695.00 per ounce. This comes on the heels of a 1.0 percent increase the week before. Following a 1.0 percent increase in the week prior, the price of US platinum bar fell 3.4 percent last week to $1,332 per ounce.
The price of US HDG rose 0.5 percent over the past week to $758.00 per short ton. This was the third week in a row of increasing prices.
A 1.3 percent gain landed the Chinese lead price at CNY 14,075 ($2,319) per metric ton. Last week, the copper 3-month price shifted slightly on the LME, rising by 0.9 percent to close at $7,227 per metric ton. The primary copper cash price rose 0.8 percent on the LME over the past week to $7,228 per metric ton. Closing at KRW 4,360 ($4.14) per kilogram, Korean 5052 coil premium over 1050 sheet remained unchanged for the week.
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.