Japanese Copper Cash Price Sees Small Jump

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Metal Prices, Premium

On Tuesday, October 15, the day’s biggest mover was the Japanese copper cash price, which saw a 1.4 percent increase to JPY 733,000 ($7,430) per metric ton. At $3.97, the price of US copper producer grade 110 finished the market day up 0.8 percent per pound. The price of US copper producer grade 122 rose 0.8 percent to $3.97 per pound. The price of US copper producer grade 102 increased 0.7 percent to $4.16 per pound.

Chinese copper closed mixed yesterday. The price of Chinese copper bar increased 0.4 percent to CNY 53,350 ($8,736) per metric ton. After a 0.4 percent increase, the cash price of Chinese copper finished the day at CNY 53,550 ($8,769) per metric ton. At CNY 52,275 ($8,560) per metric ton, the price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap held its value yesterday at CNY 43,140 ($7,064) per metric ton.

On the LME, the primary copper cash price inched up 1.2 percent to $7,205 per metric ton. Also on the LME, the 3-month price of copper rose 1.0 percent to $7,225 per metric ton.

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