The week’s biggest mover on the weekly Automotive MMI® was the cash price of primary copper, which saw a 7.8% increase on the LME to $6,134 per metric ton. This comes on the heels of a 1.6% decline the week prior. The copper 3-month price rose 7.7% on the LME to $6,110 per metric ton after falling 1.4% during the previous week. The price of Chinese lead rose 1.2% to CNY 12,550 ($2,020) per metric ton after falling 0.4% during the previous week. Korean 5052 coil premium over 1050 sheet prices held steady from the previous week at KRW 4,010 ($3.64) per kilogram.
The price of US HDG dropped 1.1% this week, closing out the third consecutive week of falling prices at $639.00 per short ton.
The price of US platinum bar rose 2.5% to $1,141 per ounce after falling 0.2% during the previous week. At $763.00 per ounce, the price of US palladium bar finished the week down 2.1%.
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.