The Japanese copper cash price saw a 1.2 percent drop on Wednesday, April 24, making it the biggest mover of the day.
The price of US copper producer grade 110 fell to a 30-day low after drifting down 0.8 percent. Yesterday a price drop of 0.8 percent carried the price of US copper producer grade 122 to a 30-day low as well. The price of US copper producer grade 102 also fell 0.8 percent.
Chinese copper closed mixed on Wednesday. After hitting a 30-day low on Monday, April 22, the price of Chinese copper wire rose 0.4 percent yesterday. The price of Chinese copper bar rose 0.4 percent yesterday, just off the 30-day low it hit on Monday, April 22. The cash price of Chinese copper rose 0.4 percent on Wednesday. The price of Chinese bright copper scrap remained essentially flat.
The copper 3-month price reached a 30-day low on the LME after decreasing 1.1 percent to $6,840 per metric ton. After falling 0.9 percent to $6,810 per metric ton, the primary copper cash price reached a 30-day low on the LME.