The price of Chinese copper wire rose 0.8 percent on Wednesday, May 29, making it the day’s biggest mover. After two days of falling prices, it closed at CNY 53,720 ($8,773) per metric ton. Chinese bright copper scrap prices inched up 0.4 percent to CNY 44,540 ($7,274) per metric ton. After a 0.4 percent increase, Chinese copper bar finished the day at CNY 54,650 ($8,925) per metric ton. The Chinese copper cash price increased 0.4 percent to CNY 54,850 ($8,957) per metric ton.

After a 0.5 percent increase, the price of US copper producer grade 122 finished the day at $3.98 per pound. Following a couple of essentially changeless days, the price of US copper producer grade 110 rose by 0.5 percent, closing at $3.98 per pound. The price of US copper producer grade 102 improved by 0.5 percent, closing at $4.17 per pound on Wednesday. After dropping for two days, the Japanese copper cash price flattened at JPY 759,000 ($7,408).

On the LME, the copper 3-month price gained 0.3 percent to finish at $7,299 per metric ton. After a 0.2 percent increase, the cash price of primary copper finished the day on the LME at $7,257 per metric ton.