LME Still Down, But US Copper Producer, China Scrap Prices Rise

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The day’s biggest mover was the cash price of Japanese copper which dropped by 1.9 percent on Monday, June 24.

today's metal prices - MetalMiner IndXAfter falling for two days, the price of US copper producer grade 110 rose 0.8 percent. The price of US copper producer grade 122 is back up, rising by 0.8 percent on Monday. Following a 0.8 percent rise yesterday, the price of US copper producer grade 102 was higher as well.

Chinese copper prices were mixed for the day. The price of Chinese bright copper scrap rose 1.6 percent on Monday, just off the 30-day low on Thursday, June 20. The price of Chinese copper bar fell 1.2 percent to a 30-day low yesterday. After falling 1.2 percent, the cash price of Chinese copper reached a 30-day low. Yesterday, a price drop of 0.8 percent carried the price of Chinese copper wire to a 30-day low.

The primary copper cash price reached a 30-day low on the LME after decreasing 0.5 percent to $6,775 per metric ton. Copper 3-month saw its price drop on the LME 0.4 percent to a 30-day low of $6,806 per metric ton on Monday.

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