Copper Price Round-Up: Cash Price of Japanese Copper Sees Price Drop

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With a decline of 2.2 percent on Friday, November 15, the Japanese copper cash price recorded the biggest decline of the day. The price of US copper producer grade 110 steadied following two-days of dropping prices. The price of US copper producer grade 102 flattened after two days of downward movement. The price of US copper producer grade 122 flattened following two-days of declines.

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Chinese copper prices were mixed for the day. The price of Chinese copper bar is back up, rising by 0.3 percent last Friday to close. Following a two-day drop, the cash price of Chinese copper increased by 0.3 percent. Chinese copper wire prices saw a 0.1 percent decline. The price of Chinese bright copper scrap held steady.

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The cash price of primary copper saw a 1.2 percent decline on the LME to $6,939 per metric ton. Also on the LME, the copper 3-month price declined 1.1 percent to $6,949 per metric ton.