US Copper Producer Prices Decline, Japan Copper Down Too

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The price of US copper producer grade 122 fell one percent, as did the price of US copper producer grade 110. The price of US copper producer grade 102 weakened by 0.9 percent. Meanwhile, the cash price of Japanese primary copper saw a 0.9 percent decline.

The price of Chinese copper wire steadied at above $8,800 per metric ton following two days of dropping prices. Chinese copper bar saw little change in its price yesterday, while the price of Chinese bright copper scrap remained essentially flat at above $7,700 per metric ton.

The 3-month price of primary copper weakened by 2.1 percent on the LME, settling at $7,660 per metric ton. The price of primary cash copper saw a 1.8 percent decline on the LME to $7,710 per metric ton.

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