The price of US copper producer grade 110 saw the biggest decline of the day, dropping 1.3 percent to close at $3.94 per pound on Tuesday, November 5. The price of US copper producer grade 122 fell 1.3 percent to $3.94 per pound. The price of US copper producer grade 102 saw a 1.2 percent decline to $4.13 per pound. The cash price of primary Japanese copper declined 0.9 percent to JPY 745,000 ($7,553) per metric ton.
Chinese copper prices were mixed for the day. Chinese copper bar prices saw a 0.5 percent decline to CNY 52,580 ($8,625) per metric ton. The Chinese copper cash price weakened by 0.5 percent, settling at CNY 52,780 ($8,657) per metric ton. The price of Chinese copper wire remained steady at CNY 52,050 ($8,538) per metric ton. The price of Chinese bright copper scrap showed little movement yesterday at CNY 42,810 ($7,022) per metric ton.
The cash price of primary copper saw a 1.0 percent decline on the LME to $7,180 per metric ton. Also on the LME, the 3-month price of copper fell 1.0 percent to $7,190 per metric ton.