Copper MMI®: Chinese Copper Scrap Price Falls for Third Straight Week

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The biggest mover on the weekly Copper MMI® was the price of Chinese bright copper scrap, which saw a 4.2 percent decline. This week marked the third in a row of declining prices for the metal.

The price of Chinese copper bar rose 2.9 percent after falling 7.4 percent during the previous week. The cash price of Chinese copper rose 2.9 percent after falling 7.4 percent during the previous week. The price of Chinese copper wire rose 2.4 percent after falling 7.7 percent during the previous week.

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The Japanese copper cash price fell 1.4 percent last week. The price of US copper producer grade 122 rose 1.0 percent after falling 5.4 percent during the previous week. The price of US copper producer grade 110 rose 1.0 percent after falling 5.4 percent during the previous week. The price of US copper producer grade 102 rose 1.0 percent after falling 5.2 percent during the previous week. Korean copper strip remained unchanged for the week.

today's metal prices - MetalMiner IndXThe cash price of primary copper rose 1.0 percent on the LME to $7,033 per metric ton after falling 7.3 percent during the previous week. The 3-month price of copper rose 0.9 percent on the LME to $7,055 per metric ton after falling 7.3 percent during the previous week.

The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.