The cash price of Japanese copper rose 1.7 percent on Friday, December 6, making it the day’s biggest mover. After two days of falling prices, it closed at JPY 760,000 ($7,470) per metric ton. The price of US copper producer grade 110 declined 0.3 percent to $3.96 per pound. The price of US copper producer grade 122 fell 0.3 percent to $3.96 per pound. The price of US copper producer grade 102 declined 0.2 percent to $4.15 per pound.
Chinese copper prices were mixed for the day. Chinese copper bar closed 0.2 percent lower at CNY 51,730 ($8,490) per metric ton. The cash price of Chinese copper saw a 0.2 percent decline to CNY 51,930 ($8,523) per metric ton. The price of Chinese copper wire held steady at CNY 50,975 ($8,366) per metric ton. Chinese bright copper scrap held its value last Friday at CNY 44,600 ($7,320) per metric ton.
At $7,085, the 3-month price of copper finished the market day on the LME up 1.6 percent per metric ton. After a 1.5 percent increase, the cash price of primary copper finished the day on the LME at $7,081 per metric ton.