The price of US copper producer grade 110 saw a 1.3 percent drop on Wednesday, June 19, landing at $3.82 per pound and making it the biggest mover of the day. The price of US copper producer grade 122 declined 1.3 percent to $3.82 per pound. The price of US copper producer grade 102 fell 1.2 percent to $4.01 per pound. The cash price of primary Japanese copper saw little price change yesterday at JPY 699,000 ($7,313) per metric ton.
Chinese copper prices were mixed for the day. The cash price of Chinese copper rose 1.1 percent to CNY 53,600 ($8,744) per metric ton after a two-day drop. Chinese copper bar closed 0.8 percent lower at CNY 52,400 ($8,548) per metric ton. Chinese copper wire prices saw a 0.8 percent decline to CNY 51,510 ($8,403) per metric ton. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat at CNY 44,980 ($7,338) per metric ton.
The copper 3-month price weakened by 0.8 percent on the LME, settling at $7,010 per metric ton. The primary copper cash price saw a 0.7 percent decline on the LME to $6,970 per metric ton.