3-Month Price of Copper Sees Small Jump

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Metal Prices, Premium

The copper 3-month price saw the biggest upwards shift for the day, rising 0.9 percent on the LME to close at $7,268 per metric ton on Wednesday, October 9. Also on the LME, the primary copper cash price increased 0.8 percent to $7,231 per metric ton.

The cash price of primary Japanese copper declined 0.5 percent to JPY 731,000 ($7,543) per metric ton. The price of US copper producer grade 122 held steady on Wednesday, remaining around $3.96 per pound. The price of US copper producer grade 102 saw little change in its price on Wednesday at $4.15 per pound. The price of US copper producer grade 110 held steady around $3.96 per pound.

Chinese copper closed mixed yesterday. After holding steady for the past few days, the price of Chinese copper bar fell 0.4 percent, closing at CNY 53,420 ($8,730) per metric ton. The cash price of Chinese copper fell 0.4 percent yesterday to CNY 53,620 ($8,763) per metric ton. The price of Chinese copper wire continues hovering around CNY 52,650 ($8,604) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese bright copper scrap held flat at CNY 42,830 ($6,999) per metric ton.

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