3-Month Price of Copper Sees Small Decrease

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Metal Prices, Premium

The copper 3-month price experienced the biggest price decline of the day, dropping 2.3 percent on the LME to close at $7,150 per metric ton on Tuesday, June 11. The primary copper cash price weakened by 2.2 percent on the LME, settling at $7,120 per metric ton.

The price of US copper producer grade 122 declined 0.8 percent to $3.90 per pound. The price of US copper producer grade 110 fell 0.8 percent to $3.90 per pound. The price of US copper producer grade 102 saw a 0.7 percent decline to $4.09 per pound. The cash price of primary Japanese copper fell 0.3 percent to JPY 735,000 ($7,434) per metric ton.

Chinese copper prices closed flat for the day. Chinese copper bar saw little change in its price yesterday at CNY 54,500 ($8,885) per metric ton. The Chinese copper cash price held steady around CNY 54,700 ($8,917) per metric ton. Chinese copper wire stayed flat at around CNY 53,600 ($8,738) per metric ton. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row, remaining around CNY 44,980 ($7,333) per metric ton.