On Wednesday, November 27, Chinese copper bar fell by 0.5 percent, making it the day’s biggest mover. The Chinese copper cash price declined 0.5 percent. The price of Chinese copper wire fell 0.5 percent. The price of Chinese bright copper scrap held steady.
Weakening prices followed two days of improvement as the price of US copper producer grade 122 dropped 0.3 percent. The price of US copper producer grade 110 closed following a couple days of improvement, the metal’s price weakened by 0.3 percent. The price of US copper producer grade 102 closed following a couple days of improvement, prices fell by 0.2 percent. After a couple of days of improving prices, the cash price of primary Japanese copper held steady.
On the LME, the copper 3-month price remained essentially flat at $7,069 per metric ton. The primary copper cash price saw little price change on Wednesday on the LME at $7,067 per metric ton.