Small Drift for Japanese Copper Cash Price

The day’s biggest mover was the cash price of Japanese copper which dropped by 1.3 percent on Friday, June 28 to close at JPY 684,000 ($6,944) per metric ton. The price of US copper producer grade 110 increased 0.3 percent to $3.72 per pound. After a 0.3 percent increase, the price of US copper producer grade 122 finished the day at $3.72 per pound. At $3.91, the price of US copper producer grade 102 finished the market day up 0.3 percent per pound.

Chinese copper closed mixed last Friday. The price of Chinese copper wire closed at CNY 49,030 ($7,956) per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.5 percent. Chinese copper bar finished the day down 0.5 percent to CNY 49,950 ($8,105) per metric ton. The Chinese copper cash price declined 0.5 percent to CNY 50,150 ($8,138) per metric ton. Chinese bright copper scrap saw little change in its price last Friday at CNY 40,050 ($6,499) per metric ton.

On the LME, the primary copper cash price rose 0.3 percent to $6,705 per metric ton. Also on the LME, the copper 3-month price inched up 0.2 percent to $6,731 per metric ton.

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