Japanese Copper Cash Price Down

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Metal Prices, Premium

On Thursday, October 3, the Japanese copper cash price fell by 1.9 percent, landing at JPY 736,000 ($7,562) per metric ton and making it the day’s biggest mover. The price of US copper producer grade 110 inched up 1.0 percent to $3.98 per pound. After a 1.0 percent increase, the price of US copper producer grade 122 finished the day at $3.98 per pound. The price of US copper producer grade 102 rose 1.0 percent to $4.17 per pound.

Chinese copper prices were flat for the day. Chinese copper bar held its value on Thursday at CNY 53,600 ($8,758) per metric ton. The cash price of Chinese copper saw little movement on Thursday, closing out around CNY 53,800 ($8,790) per metric ton. Chinese copper wire saw little change in its price on Thursday at CNY 52,650 ($8,603) per metric ton. 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 cash price of primary copper weakened by 0.9 percent on the LME, settling at $7,156 per metric ton. The 3-month price of copper saw a 0.7 percent decline on the LME to $7,182 per metric ton.

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