Japanese Copper Cash Price Rises 0.5%

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Metal Prices, Premium

With a 0.5 percent increase over the past day, the cash price of Japanese copper was the biggest mover, closing at JPY 748,000 ($7,632) per metric ton on Friday, October 18. The price of US copper producer grade 110 saw little price change last Friday at $3.98 per pound. The price of US copper producer grade 102 remained essentially flat at $4.17 per pound. The price of US copper producer grade 122 held steady around $3.98 per pound.

Chinese copper prices were mixed for the day. The price of Chinese copper bar fell 0.2 percent to CNY 53,250 ($8,730) per metric ton. The Chinese copper cash price saw a 0.2 percent decline to CNY 53,450 ($8,763) per metric ton. Chinese copper wire held its value last Friday at CNY 52,440 ($8,597) per metric ton. The price of Chinese bright copper scrap was unchanged at CNY 43,140 ($7,072) per metric ton.

The 3-month price of copper rose 0.3 percent on the LME to $7,205 per metric ton after a two-day drop. The primary copper cash price is back up, rising by 0.2 percent on the LME last Friday to close at $7,172 per metric ton.

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