The price of Chinese copper wire rose 1.2 percent on Monday, September 23, making it the day’s biggest mover. After two days of flat prices, it closed at CNY 52,550 ($8,590) per metric ton. The price of Chinese copper bar rose by 0.9 percent to CNY 53,350 ($8,721) per metric ton after a three-day flat streak. The Chinese copper cash price rose by 0.9 percent to CNY 53,550 ($8,754) per metric ton. Chinese bright copper scrap saw little change in its price on Monday at CNY 42,830 ($7,001) per metric ton.
The price of US copper producer grade 122 declined 0.5 percent to $3.99 per pound, after two days of improvement. The price of US copper producer grade 110 closed at $3.99 per pound. Following a couple days of improvement, prices fell by 0.5 percent. The price of US copper producer grade 102 changed direction with a 0.5 percent drop. After two days of improving prices, the metal finished at $4.18 per pound. The Japanese copper cash price remained essentially flat at JPY 745,000 ($7,503) per metric ton.
Following a two-day rise on the LME, the cash price of primary copper flattened at $7,294. The 3-month price of copper steadied at $7,329 per metric ton following two-days of increases on the LME.