Cash Price of Primary Copper Improves

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On Thursday, November 21, the cash price of primary copper experienced the biggest change, rising 0.5 percent on the LME to $6,980 per metric ton. Also on the LME, the 3-month price of copper rose 0.4 percent to $6,984 per metric ton.

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The cash price of primary Japanese copper finished the market day up 0.3 percent per metric ton. The price of US copper producer grade 122 held steady. The price of US copper producer grade 102 saw little movement yesterday. The price of US copper producer grade 110 remained essentially flat.

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Chinese copper closed mixed yesterday. Chinese copper bar prices saw a 0.5 percent decline. The Chinese copper cash price weakened by 0.5 percent. The price of Chinese copper wire remained essentially flat. The price of Chinese bright copper scrap continues to hover for the fifth day in a row.