US Copper Producer Grade 122 Price Lower

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Metal Prices, Premium

Dropping 1.0 percent, US copper producer grade 110 price was the biggest mover on Friday, October 4, closing at $3.94 per pound. The price of US copper producer grade 122 weakened by 1.0 percent, settling at $3.94 per pound. The price of US copper producer grade 102 declined 1.0 percent to $4.13 per pound. At JPY 738,000 ($7,587), the cash price of primary Japanese copper finished the market day up 0.3 percent per metric ton.

Chinese copper prices closed flat for the day. The price of Chinese copper bar continues hovering around CNY 53,600 ($8,753) per metric ton for the fifth day in a row. The Chinese copper cash price held steady at CNY 53,800 ($8,786) per metric ton. The price of Chinese copper wire was unchanged at CNY 52,650 ($8,598) per metric ton. For the fifth consecutive day, the price of Chinese bright copper scrap held flat at CNY 42,830 ($6,994) per metric ton.

The 3-month price of copper rose 0.9 percent on the LME to $7,245 per metric ton after a two-day drop. Following a two-day drop, the primary copper cash price increased by 0.8 percent on the LME to $7,215 per metric ton.

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