Following a two-day decline on the LME, the cash price of primary copper climbed up 0.9 percent to end at $7,199 per metric ton on Thursday, November 7. After falling for two days, the copper 3-month price rose 0.6 percent on the LME to $7,198 per metric ton.
The price of US copper producer grade 122 weakened by 0.5 percent, settling at $3.93 per pound. The price of US copper producer grade 110 declined 0.5 percent to $3.93 per pound. The price of US copper producer grade 102 saw a 0.5 percent decline to $4.12 per pound. The Japanese copper cash price rose 0.1 percent to JPY 738,000 ($7,480) per metric ton after a two-day drop.
Chinese copper closed mixed on Thursday. Chinese copper bar prices saw a 0.3 percent decline to CNY 52,400 ($8,600) per metric ton. The cash price of Chinese copper declined 0.3 percent to CNY 52,600 ($8,633) per metric ton. The price of Chinese copper wire showed little movement on Thursday at CNY 51,610 ($8,470) per metric ton. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row, remaining around CNY 42,810 ($7,026) per metric ton.