Price of Copper Scrap in China Drifts Down as LME Prices Steady

The cash price of Japanese copper experienced the biggest price decline of the day, dropping 1.4 percent on Tuesday, May 28.

The prices of US copper producer grades 102, 110 and 122 saw little movement on Tuesday.

today's metal prices - MetalMiner IndXChinese copper closed mixed yesterday. Chinese copper wire closed 0.5 percent lower. The price of Chinese bright copper scrap halted its two-day flat run with a 0.4 percent decline. Chinese copper bar held its value on Tuesday. The cash price of Chinese copper saw little movement yesterday.

The 3-month price of copper flattened at $7,275 per metric ton after two days of downward movement on the LME. The cash price of primary copper flattened at $7,239 following two-days of declines on the LME.

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