Following two days of increases, the price of Chinese copper bar dropped by 0.7 percent to end at CNY 51,400 ($8,436) per metric ton on Tuesday, December 3. Following a couple days of improvement, the Chinese copper cash price weakened by 0.7 percent. Prices closed at CNY 51,600 ($8,469) per metric ton. The price of Chinese copper wire remained essentially flat at CNY 50,900 ($8,354) per metric ton. Chinese bright copper scrap saw little change in its price on Tuesday at CNY 43,600 ($7,156) per metric ton.
The Japanese copper cash price increased 0.5 percent to JPY 756,000 ($7,344) per metric ton. After two flat days, the price of US copper producer grade 122 inched up 0.3 percent yesterday to $3.91. The price of US copper producer grade 110 increased 0.3 percent to $3.91 per pound. The price of US copper producer grade 102 rose by 0.2 percent to $4.10 on Tuesday after remaining flat for two days.
On the LME, the primary copper cash price fell 0.3 percent to $7,008 per metric ton. Also on the LME, the 3-month price of copper declined 0.2 percent to $7,012 per metric ton.