It looks as though copper prices are increasing, if ever so slightly…
On Friday, November 22, Chinese copper bar jumped up 0.9 percent, making it the day’s biggest increase. The Chinese copper cash price increased 0.9 percent. Chinese copper wire finished the day up 0.5 percent. The price of Chinese bright copper scrap remained essentially flat.
The price of US copper producer grade 122 gained 0.8 percent. After a 0.8 percent increase, the price of US copper producer grade 110 finished the day. The price of US copper producer grade 102 inched up 0.7 percent. The cash price of primary Japanese copper rose 0.7 percent.
On the LME, the primary copper cash price gained 0.2 percent to finish at $6,991 per metric ton. Also on the LME, the copper 3-month price rose 0.1 percent to $6,992 per metric ton.