Cash Price of Primary Copper Sees Small Price Drop

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Metal Prices, Premium

With a decline of 0.8 percent on the LME to $7,228 per metric ton on Thursday, December 19, the cash price of primary copper recorded the biggest decline of the day. The copper 3-month price saw a 0.6 percent decline on the LME to $7,227 per metric ton.

The Japanese copper cash price weakened by 0.3 percent, settling at JPY 787,000 ($7,551) per metric ton. The price of US copper producer grade 122 saw little price change yesterday at $4.06 per pound. The price of US copper producer grade 102 held steady yesterday, remaining around $4.25 per pound. The price of US copper producer grade 110 saw little change in its price yesterday at $4.06 per pound.

Chinese copper closed mixed yesterday. At CNY 51,950 ($8,558) per metric ton, Chinese copper bar fell 0.2 percent yesterday. The cash price of Chinese copper declined 0.2 percent to CNY 52,150 ($8,591) per metric ton. The price of Chinese copper wire saw essentially no change for the fifth day in a row, remaining around CNY 51,175 ($8,431) per metric ton. The price of Chinese bright copper scrap saw little movement at CNY 44,600 ($7,348) per metric ton.

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