Current Copper Prices
Weakening prices ended a three-day flat streak as the price of Chinese bright copper scrap fell 4.2 percent on Monday, April 22. The price of Chinese copper bar fell 1.0 percent to a new 30-day low yesterday. Monday’s price drop of 1.0 percent carried the Chinese copper cash price to a 30-day low as well. Chinese copper wire finished the day down 0.8 percent.
US copper producer grade 122 saw its price drop 1.3 percent to a 30-day low on Monday. The price of US copper producer grade 110 also fell 1.3 percent. US copper producer grade 102 saw its price drop 1.2 percent on Monday. The cash price of primary Japanese copper finished the market day up 0.4 percent per metric ton.
After falling for two days, the copper 3-month price rose 0.2 percent on the LME to $7,009 per metric ton. Following a two-day drop, the cash price of primary copper increased by 0.2 percent on the LME to $6,975 per metric ton.
Current Aluminum Prices
Weakening prices ended a three-day flat streak as the price of Chinese aluminum scrap fell 2.5 percent on Monday, April 22.
The price of Chinese aluminum billet reached a thirty-day low after decreasing 1.7 percent. The cash price of Chinese aluminum saw little movement yesterday. The price of Chinese aluminum bar held steady.
On the LME, the primary aluminum cash price fell 0.1 percent to $1,871 per metric ton. On the LME, the 3-month price of aluminum showed little movement on Monday, hovering around $1,900 per metric ton.