Cash Price of Japanese Copper Sees Small Decrease

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Metal Prices, Premium

With a decline of 1.6 percent to JPY 737,000 ($7,491) per metric ton on Monday, June 10, the cash price of Japanese copper recorded the biggest decline of the day. Today marks the fifth day in a row of declining prices for the price of US copper producer grade 110. After falling 1.3 percent, prices settled at $3.93 per pound, driving an accelerated drop-off since Tuesday, June 4. The price of US copper producer grade 122 fell 1.3 percent to $3.93 per pound, marking the fifth in a row of declining prices. The drop-off has accelerated since Tuesday, June 4. Declining prices continue for the price of US copper producer grade 102. It closed at $4.12 per pound only after falling further, this time by.

Chinese copper prices closed flat for the day. The price of Chinese copper bar remained essentially flat at CNY 54,500 ($8,879) per metric ton. The cash price of Chinese copper held steady on Monday, remaining around CNY 54,700 ($8,911) per metric ton. After a couple of days of decreasing prices, the price of Chinese copper wire held steady at CNY 53,600 ($8,732). For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat at CNY 44,980 ($7,328) per metric ton.

The copper 3-month price weakened by 0.4 percent on the LME, settling at $7,315 per metric ton. Also on the LME, the cash price of primary copper declined 0.4 percent to $7,281 per metric ton.