US Copper Producer Grade 122 Price Lower

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Metal Prices, Premium

The price of US copper producer grade 110 saw a 1.0 percent drop on Friday, June 14, landing at $3.85 per pound and making it the biggest mover of the day. The price of US copper producer grade 122 saw a 1.0 percent decline to $3.85 per pound. The price of US copper producer grade 102 fell 1.0 percent to $4.04 per pound. The cash price of primary Japanese copper declined 0.4 percent to JPY 706,000 ($7,385) per metric ton.

Chinese copper prices closed flat for the day. Chinese copper bar saw little change in its price last Friday at CNY 53,500 ($8,718) per metric ton. The Chinese copper cash price remained essentially flat at CNY 53,700 ($8,750) per metric ton. The price of Chinese copper wire was unchanged at CNY 53,600 ($8,734) 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 ($7,329) per metric ton.

The primary copper cash price weakened by 0.4 percent on the LME, settling at $7,057 per metric ton. The copper 3-month price saw a 0.4 percent decline on the LME to $7,093 per metric ton.