Cash Price of Primary Copper Hits 30-Day Price Low

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Metal Prices, Premium

With a decline of 2.0 percent on the LME to $6,637 per metric ton on Tuesday, June 25, the cash price of primary copper recorded the biggest decline of the day. The 3-month price of copper fell 1.9 percent to a 30-day low on the LME of $6,675 per metric ton yesterday.

The price of US copper producer grade 122 fell to a 30-day low at $3.69 per pound after shifting 1.9 percent. The price of US copper producer grade 110 reached a 30-day low after decreasing 1.9 percent to $3.69 per pound. The price of US copper producer grade 102 fell to a 30-day low at $3.88 per pound after shifting 1.8 percent. The Japanese copper cash price flattened at JPY 685,000 ($7,017) following two-days of declines.

Chinese copper closed mixed on Tuesday. The price of Chinese copper wire fell 1.6 percent to a 30-day low of CNY 48,865 ($7,953) per metric ton yesterday. After falling 1.3 percent to CNY 49,850 ($8,113) per metric ton, the price of Chinese copper bar reached a 30-day low. Chinese primary cash copper saw its price drop 1.3 percent to a 30-day low of CNY 50,050 ($8,146) per metric ton on Tuesday. Chinese bright copper scrap saw little change in its price yesterday at CNY 41,130 ($6,694) per metric ton.