Cash Price of Japanese Copper Sees Small Price Drop

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The Japanese copper cash price saw the biggest decline of the day, dropping 1.1 percent to close at JPY 737,000 ($7,485) per metric ton on Wednesday, November 6. The price of US copper producer grade 110 inched up 0.3 percent to $3.95 per pound. After a 0.3 percent increase, the price of US copper producer grade 122 finished the day at $3.95 per pound. The price of US copper producer grade 102 gained 0.2 percent to finish at $4.14 per pound.

Chinese copper prices were mixed for the day. Chinese copper wire finished the day down 0.8 percent to CNY 51,610 ($8,462) per metric ton. Chinese copper bar saw little change in its price yesterday at CNY 52,550 ($8,616) per metric ton. The Chinese copper cash price remained essentially flat at CNY 52,750 ($8,649) per metric ton. The price of Chinese bright copper scrap remained essentially flat at CNY 42,810 ($7,019) per metric ton.

The primary copper cash price saw a 0.6 percent decline on the LME to $7,138 per metric ton. Also on the LME, the 3-month price of copper declined 0.5 percent to $7,154 per metric ton.

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