Chinese Copper Bar Up 1.2%

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Metal Prices, Premium

The price of Chinese copper bar closed up Friday, September 27 at CNY 53,650 ($8,763) per metric ton, halting two days of weakening prices with a 1.2 percent shift. The Chinese copper cash price is back up, rising by 1.1 percent last Friday to close at CNY 53,850 ($8,796) per metric ton. Chinese copper wire saw its price rise 0.7 percent to CNY 52,640 ($8,598) per metric ton. The price of Chinese bright copper scrap was unchanged at CNY 42,830 ($6,996) per metric ton.

The price of US copper producer grade 122 rose 0.5 percent to $3.97 per pound. At $3.97, the price of US copper producer grade 110 finished the market day up 0.5 percent per pound. After a 0.5 percent increase, the price of US copper producer grade 102 finished the day at $4.16 per pound. The Japanese copper cash price rose 0.3 percent to JPY 737,000 ($7,451) per metric ton after a two-day drop.

On the LME, the cash price of primary copper rose 0.9 percent to $7,220 per metric ton. Also on the LME, the copper 3-month price rose 0.8 percent to $7,245 per metric ton.

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