The price of Chinese bright copper scrap closed Wednesday, December 4 at CNY 44,600 ($7,321) per metric ton, halting its two-day flat run with a 2.3 percent shift. The price of Chinese copper wire fell 0.6 percent to CNY 50,590 ($8,305) per metric ton. The price of Chinese copper bar remained steady at CNY 51,430 ($8,442) per metric ton. The Chinese copper cash price showed little movement yesterday, hovering around CNY 51,630 ($8,475) per metric ton.
After improving for two days, the Japanese copper cash price declined 0.7 percent to JPY 751,000 ($7,337) per metric ton. The price of US copper producer grade 122 declined 0.3 percent to $3.90 per pound. The price of US copper producer grade 110 saw a 0.3 percent decline to $3.90 per pound. The price of US copper producer grade 102 weakened by 0.2 percent, settling at $4.09 per pound.
On the LME, the copper 3-month price fell 0.9 percent to $6,948 per metric ton. The cash price of primary copper saw a 0.9 percent decline on the LME to $6,945 per metric ton.