Strengthening prices ended a two-day flat streak as the price of Chinese bright copper scrap moved up by 7.4 percent on Tuesday, July 2 to CNY 43,000 ($7,009) per metric ton. Chinese copper wire gained 2.4 percent to finish at CNY 50,540 ($8,238) per metric ton. Chinese copper bar prices inched up 2.3 percent to CNY 51,450 ($8,386) per metric ton. The cash price of Chinese copper rose 2.3 percent to CNY 51,650 ($8,419) per metric ton.
The price of US copper producer grade 122 rose 2.7 percent to $3.82 per pound. The price of US copper producer grade 110 inched up 2.7 percent to $3.82 per pound. The price of US copper producer grade 102 gained 2.6 percent to finish at $4.01 per pound. After a 0.9 percent increase, the cash price of primary Japanese copper finished the day at JPY 699,000 ($7,016) per metric ton.
At $6,915, the primary copper cash price finished the market day on the LME up 2.4 percent per metric ton. Also on the LME, the copper 3-month price rose 2.1 percent to $6,918 per metric ton.