Japanese Copper Cash Price Sees Small Jump

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Metal Prices, Premium

On Tuesday, November 12, the cash price of Japanese copper experienced the biggest change, rising 1.0 percent to JPY 742,000 ($7,483) per metric ton. The price of US copper producer grade 110 rose 0.3 percent to $3.96 per pound. After a 0.3 percent increase, the price of US copper producer grade 122 finished the day at $3.96 per pound. The price of US copper producer grade 102 gained 0.2 percent to finish at $4.15 per pound.

Chinese copper prices were mixed for the day. At CNY 52,500 ($8,618) per metric ton, Chinese copper bar fell 0.3 percent yesterday. The Chinese copper cash price saw a 0.3 percent decline to CNY 52,700 ($8,651) per metric ton. The price of Chinese copper wire fell 0.3 percent to CNY 51,630 ($8,475) per metric ton. Chinese bright copper scrap saw little change in its price yesterday at CNY 44,800 ($7,354) per metric ton.

On the LME, the primary copper cash price inched up 0.1 percent to $7,133 per metric ton. The copper 3-month price saw little movement yesterday on the LME, closing out around $7,130 per metric ton.

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