Copper Cash Price Down in Japan, While Scrap Rises in China

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On Tuesday, July 30, the day’s biggest mover was the Japanese copper cash price, which saw a 3.3 percent decline.

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The price of US copper producer grades 102, 110 and 122 rose 0.3 percent.

Chinese bright copper scrap prices rose 0.6 percent. The price of Chinese copper wire rose 0.3 percent after a two-day drop. Following a two-day drop, the price of Chinese copper bar increased by 0.2 percent. Following a 0.2 percent rise yesterday, the cash price of Chinese copper closed higher.

The primary copper cash price weakened by 0.7 percent on the LME, settling at $6,860 per metric ton. Also on the LME, the 3-month price of copper declined 0.6 percent to $6,882 per metric ton.

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