On Friday, June 7, the day’s biggest mover was the copper 3-month price, which saw a 1.5 percent decline on the LME to $7,346 per metric ton. The cash price of primary copper weakened by 1.5 percent on the LME, settling at $7,311 per metric ton.
The price of US copper producer grade 122 saw a 1.2 percent decline to $3.98 per pound. The price of US copper producer grade 110 declined 1.2 percent to $3.98 per pound. The price of US copper producer grade 102 fell 1.2 percent to $4.17 per pound. The Japanese copper cash price saw a 0.9 percent decline to JPY 749,000 ($7,705) per metric ton.
Chinese copper prices were mixed for the day. Chinese copper bar prices saw a 0.6 percent decline to CNY 54,500 ($8,878) per metric ton. The Chinese copper cash price fell 0.6 percent to CNY 54,700 ($8,910) per metric ton. Chinese copper wire ended the day at CNY 53,600 ($8,731) per metric ton, after the 0.6 percent drop last Friday. The price of Chinese bright copper scrap held steady at CNY 44,980 ($7,327) per metric ton.