The cash price of Japanese copper closed up Thursday, June 6, halting two days of weakening prices with a 2.4 percent shift.
The price of US copper producer grade 110 flattened after two days of improvement. The price of US copper producer grade 102 steadied following two days of increases. Following a two-day rise, the price of US copper producer grade 122 flattened as well.
Chinese copper prices were mixed for the day. The price of Chinese copper wire changed direction with a 0.3 percent drop. Chinese copper bar stayed flat. The cash price of Chinese copper saw little change in its price yesterday. The price of Chinese bright copper scrap was essentially unchanged.
On the LME, the 3-month price of copper inched up 1.2 percent to $7,460 per metric ton. Also on the LME, the primary copper cash price rose 1.1 percent to $7,421 per metric ton.