The cash price of Japanese copper saw the biggest decline of the day, dropping 0.5 percent on Thursday, November 28. The price of US copper producer grade 110 prices declined 0.5 percent. For the fifth day since Friday, November 22, the drop-off has accelerated. After falling 0.5 percent, prices settled, driving an accelerated drop-off since Friday, November 22. Today marks the fifth day in a row of declining prices for the price of US copper producer grade 122. The price of US copper producer grade 102 continues its trend downwards dropping 0.5 percent.
Chinese copper prices were mixed for the day. Chinese copper wire closed 0.1 percent lower. Chinese copper bar prices saw a 0.1 percent decline. The Chinese copper cash price saw a 0.1 percent decline. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row.
The primary copper cash price closed Wednesday at $7,051 per metric ton, halting its two-day flat run on the LME with a 0.2 percent decline. The 3-month price of copper saw little movement yesterday on the LME, closing out around $7,068 per metric ton.