Japanese Copper Cash Price Improves 1.2%

On Monday, December 16, the day’s biggest mover was the Japanese copper cash price, which saw a 1.2 percent increase to JPY 785,000 ($7,579) per metric ton. After a 0.5 percent increase, the price of US copper producer grade 110 finished the day at $4.05 per pound. The price of US copper producer grade 122 increased 0.5 percent to $4.05 per pound. The price of US copper producer grade 102 gained 0.5 percent to finish at $4.24 per pound.

Chinese copper closed mixed on Monday. Chinese copper bar gained 0.1 percent to finish at CNY 52,200 ($8,598) per metric ton. At CNY 52,400 ($8,631), the Chinese copper cash price finished the market day up 0.1 percent per metric ton. Chinese copper wire held its value on Monday at CNY 51,200 ($8,434) per metric ton. The price of Chinese bright copper scrap continues hovering around CNY 44,600 ($7,347) per metric ton for the fifth day in a row.

On the LME, the primary copper cash price fell 0.2 percent to $7,218 per metric ton. Also on the LME, the 3-month price of copper held steady around $7,218 per metric ton.

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