On Monday, July 29, the day’s biggest mover was the price of Chinese bright copper scrap, which saw a 5.2 percent decline. This was the first move after three changeless days.
Chinese copper bar ended the day after a 2.0 percent drop on Monday. The cash price of Chinese copper declined 2.0 percent. Chinese copper wire closed 1.8 percent lower.
The price of US copper producer grades 110 and 122 weakened by 2.1 percent. The price of US copper producer grade 102 saw a 2.0 percent decline. The cash price of primary Japanese copper fell 1.6 percent.
On the LME, the 3-month price of copper declined 0.3 percent to $6,925 per metric ton. The cash price of primary copper weakened by 0.3 percent on the LME, settling at $6,905 per metric ton.