The cash price of primary copper saw a 0.8 percent increase on Friday, December 13, reaching $7,230 per metric ton on the LME and making it the biggest mover for the day. Also on the LME, the copper 3-month price increased 0.7 percent to $7,214 per metric ton.
After a 0.6 percent increase, the Japanese copper cash price finished the day at JPY 776,000 ($7,493) per metric ton. The price of US copper producer grade 122 ended a two-day climb, settling at $4.03 per pound. The price of US copper producer grade 102 flattened at $4.22 after two days of improvement. The price of US copper producer grade 110 steadied at $4.03 per pound following two-days of increases.
Chinese copper closed mixed last Friday. The price of Chinese copper bar closed at CNY 52,140 ($8,589) per metric ton. Following a couple days of improvement, prices fell by 0.2 percent. The Chinese copper cash price declined 0.2 percent to CNY 52,340 ($8,622) per metric ton, after two days of improvement. Chinese copper wire held its value last Friday at CNY 51,200 ($8,434) per metric ton. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row, remaining around CNY 44,600 ($7,347) per metric ton.