Big Daily Drop Hits Chinese Copper Wire, While Scrap Price Rises

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Chinese copper wire had the largest decline on Monday, June 3, dropping 4.7 percent. Following a couple of essentially changeless days, the price of Chinese bright copper scrap rose by 1.0 percent. Chinese copper bar saw its price rise 0.1 percent. After a 0.1 percent increase, the cash price of Chinese copper finished the day higher.

today's metal prices - MetalMiner IndXThe cash price of primary Japanese copper saw a 1.1 percent decline. The price of US copper producer grade 122 declined 0.8 percent. The price of US copper producer grade 110 fell 0.8 percent. The price of US copper producer grade 102 weakened by 0.7 percent.

The copper 3-month price saw little movement on Monday on the LME, closing out around $7,285 per metric ton. The primary copper cash price remained essentially flat on the LME at $7,245 per metric ton.

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