Cash Price of Japanese Copper Drifts Downwards

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The Japanese copper cash price saw the biggest decline of the day, dropping 2.7 percent to close on Friday, October 25. The price of US copper producer grade 110 saw little movement last Friday. The price of US copper producer grade 102 saw little price change last Friday. The price of US copper producer grade 122 held steady.

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Chinese copper closed mixed last Friday. Chinese copper wire prices saw a 0.2 percent decline. Chinese copper bar closed 0.2 percent lower. The cash price of Chinese copper saw a 0.2 percent decline. The price of Chinese bright copper scrap held steady.

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On the LME, the copper 3-month price fell 0.6 percent to $7,171 per metric ton. The cash price of primary copper weakened by 0.6 percent on the LME, settling at $7,160 per metric ton.