Current Copper Prices
The Japanese copper cash price moved up 2.4 percent on Tuesday, May 14, making it the day’s biggest mover. The price of US copper producer grade 110 increased 0.5 percent. The price of US copper producer grade 122 inched up 0.5 percent. The price of US copper producer grade 102 rose 0.5 percent.
Chinese copper closed mixed yesterday. The price of Chinese bright copper scrap declined 1.1 percent. Chinese copper bar finished the day up 0.8 percent. After a 0.8 percent increase, the Chinese copper cash price finished the day up as well. Chinese copper wire prices inched up 0.3 percent.
On the LME, the 3-month price of copper rose 0.6 percent to $7,378 per metric ton. Also on the LME, the cash price of primary copper inched up 0.5 percent to $7,350 per metric ton.
Current Aluminum Prices
The 3-month price of aluminum saw the biggest decline of the day, dropping 2.2 percent on the LME to close at $1,855 per metric ton on Tuesday, May 14. On the LME, the cash price of primary aluminum declined 2.0 percent to $1,827 per metric ton.
The cash price of primary Indian aluminum weakened by 1.0 percent.
Chinese aluminum closed mixed yesterday. Chinese aluminum scrap finished the day down 0.9 percent. The price of Chinese aluminum billet showed little movement on Monday. The price of Chinese aluminum bar saw little movement. The cash price of Chinese aluminum steadied following two-days of increases.