Japanese Copper Cash Price Down

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Metal Prices, Premium

On Wednesday, September 25, the Japanese copper cash price fell by 2.0 percent, landing at JPY 746,000 ($7,555) per metric ton and making it the day’s biggest mover. Metals’ downward trend picked up speed for Thursday, September 19, as the price of US copper producer grade 110 dropped to $3.93 per pound after a 1.0 percent decrease. Today marks the fifth day in a row of declining prices for the price of US copper producer grade 122. After falling 1.0 percent, prices settled at $3.93 per pound, driving an accelerated drop-off since Thursday, September 19. After falling 1.0 percent, prices settled at $4.12 per pound, driving an accelerated drop-off since Thursday, September 19. Today marks the fifth day in a row of declining prices for the price of US copper producer grade 102.

Chinese copper closed mixed on Wednesday. The price of Chinese copper bar closed at CNY 53,120 ($8,679) per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.6 percent. Weakening prices followed two days of improvement as the cash price of Chinese copper dropped 0.6 percent to CNY 53,320 ($8,712) per metric ton. Chinese copper wire ended the day at CNY 52,280 ($8,542) per metric ton, after the 0.4 percent drop yesterday. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat at CNY 42,830 ($6,998) per metric ton.

The copper 3-month price saw a 0.6 percent decline on the LME to $7,172 per metric ton. The cash price of primary copper weakened by 0.6 percent on the LME, settling at $7,140 per metric ton.

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