China Copper Scrap Price Shoots Up Over Week on MetalMiner's Index

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Chinese bright copper scrap improved by 6.9 percent on the weekly Copper MMI®, awarding itself the “Biggest Metal Price Mover Award.”

The price of Chinese copper wire rose 5.7 percent after falling 2.8 percent during the previous week. The price of Chinese copper bar rose 3.9 percent after falling 2.1 percent during the previous week. The cash price of Chinese copper rose 3.9 percent after falling 2.0 percent during the previous week.

today's metal prices - MetalMiner IndXThe Japanese copper cash price closed last week following a 6.8 percent rise in its price.

The price of US copper producer grade 122 rose 6.4 percent after falling 3.3 percent during the previous week. The price of US copper producer grade 110 rose 6.4 percent after falling 3.3 percent during the previous week. The price of US copper producer grade 102 rose 6.1 percent after falling 3.2 percent during the previous week.

The primary copper cash price rose 6.4 percent on the LME to $7,310 per metric ton after falling 2.3 percent during the previous week. The copper 3-month price rose 6.3 percent on the LME to $7,335 per metric ton after falling 2.2 percent during the previous week.

Korean copper strip prices held steady.

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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.