Cash Price of Japanese Copper Up, US Copper Producer Prices Also Gain

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The Japanese copper cash price closed up Monday, November 18, halting two days of weakening prices with a 1.1 percent shift. The price of US copper producer grade 110 finished the market day up 0.3 percent per pound. The price of US copper producer grade 122 gained 0.3 percent to finish. The price of US copper producer grade 102 rose 0.2 percent.

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Chinese copper prices closed flat for the day. The price of Chinese copper bar remained essentially flat. The Chinese copper cash price showed little movement on Monday. Following two days of downward movement, the price of Chinese copper wire held steady. Chinese bright copper scrap held its value yesterday.

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The primary copper cash price is back up, rising by 0.4 percent on the LME on Monday to close at $6,967 per metric ton. Following a two-day drop, the copper 3-month price increased by 0.4 percent on the LME to $6,975 per metric ton.