Cash Price of Japanese Copper Improves Slightly

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Metal Prices, Premium

At JPY 771,000 ($7,499) per metric ton, the Japanese copper cash price moved up 0.5 percent on Wednesday, December 11, making it the day’s biggest mover. The price of US copper producer grade 110 gained 0.3 percent to finish at $4.00 per pound. The price of US copper producer grade 122 rose 0.3 percent to $4.00 per pound. The price of US copper producer grade 102 increased 0.2 percent to $4.19 per pound.

Chinese copper prices were mixed for the day. Chinese copper bar saw its price rise 0.2 percent to CNY 52,100 ($8,582) per metric ton. After a 0.2 percent increase, the cash price of Chinese copper finished the day at CNY 52,300 ($8,615) per metric ton. Chinese copper wire finished the day up 0.2 percent to CNY 51,225 ($8,438) per metric ton. The price of Chinese bright copper scrap continues hovering around CNY 44,600 ($7,346) per metric ton for the fifth day in a row.

On the LME, the primary copper cash price inched up 0.4 percent to $7,165 per metric ton. Also on the LME, the copper 3-month price gained 0.3 percent to finish at $7,161 per metric ton.

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