On Thursday, July 4, Chinese bright copper scrap jumped up 1.0 percent, making it the day’s biggest increase. Chinese copper wire saw its price rise 0.1 percent. After a couple of days of improving prices, the price of Chinese copper bar held steady. The cash price of Chinese copper steadied following two days of increases.
The prices of US copper producer grades 102, 110 and 122 finished the market day up 0.8 percent per pound. After a 0.3 percent increase, the Japanese copper cash price finished the day higher.
Weakening prices followed two days of improvement as the cash price of primary copper dropped 0.8 percent on the LME to $6,921 per metric ton. The 3-month price of copper declined 0.4 percent on the LME to $6,920 per metric ton, after two days of improvement.