US Copper Producers Prices Increase; Also Up on LME, in China

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The cash price of Japanese copper saw the biggest decline of the day, dropping 2.0 percent on Thursday, August 1.

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The prices of US copper producer grades 110 and 122 increased 1.9 percent, while grade 102 inched up 1.8 percent.

Chinese copper bar finished the market day up 1.8 percent. The Chinese copper cash price rose 1.8 percent as well. Chinese copper wire gained 1.6 percent. The price of Chinese bright copper scrap held steady.

Following a 0.7 percent rise yesterday, the primary copper cash price closed on the LME at $6,800 per metric ton. The 3-month price of copper rose 0.6 percent on the LME to $6,809 per metric ton after a two-day drop.

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