Cash Price of Japanese Copper Improves

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The cash price of Japanese copper saw a 1.8 percent increase on Wednesday, October 16, making it the biggest mover for the day. The price of US copper producer grade 110 inched up 0.3 percent. The price of US copper producer grade 122 gained 0.3 percent to finish. After a 0.2 percent increase, the price of US copper producer grade 102 finished the day.

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Chinese copper prices were mixed for the day. The price of Chinese copper wire moved up 0.4 percent. The price of Chinese copper bar finished the market day up 0.2 percent per metric ton. The cash price of Chinese copper finished the market day up 0.2 percent per metric ton. The price of Chinese bright copper scrap remained steady.

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The cash price of primary copper weakened by 0.3 percent on the LME, settling at $7,186 per metric ton. The copper 3-month price saw a 0.1 percent decline on the LME to $7,215 per metric ton.