Cash Price of Japanese Copper Shifts Up 1.5%

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The Japanese copper cash price saw the biggest upwards shift for the day, rising 1.5 percent to close at JPY 752,000 ($7,648) per metric ton on Friday, November 1. The price of US copper producer grade 110 weakened by 0.7 percent, settling at $3.99 per pound. The price of US copper producer grade 122 declined 0.7 percent to $3.99 per pound. The price of US copper producer grade 102 fell 0.7 percent to $4.18 per pound.

Chinese copper closed mixed last Friday. Chinese copper bar gained 0.1 percent to finish at CNY 52,920 ($8,681) per metric ton. At CNY 53,120 ($8,714), the cash price of Chinese copper finished the market day up 0.1 percent per metric ton. The price of Chinese copper wire remained steady at CNY 51,920 ($8,517) per metric ton. The price of Chinese bright copper scrap held steady at CNY 42,810 ($7,023) per metric ton.

The cash price of primary copper closed at $7,233 per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.6 percent on the LME. The copper 3-month price declined 0.5 percent on the LME to $7,240 per metric ton, after two days of improvement.

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