Cash Price of Japanese Copper Sees Small Jump; LME Copper Down

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Rising 0.8 percent to close, the cash price of Japanese copper experienced the biggest change for Friday, December 20. The price of US copper producer grade 110 declined 0.5 percent. The price of US copper producer grade 122 weakened by 0.5 percent. The price of US copper producer grade 102 saw a 0.5 percent decline.

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Chinese copper closed mixed last Friday. Following a two-day drop, the price of Chinese copper bar increased by 0.2 percent. After falling for two days, the Chinese copper cash price rose 0.2 percent. The price of Chinese copper wire held steady. The price of Chinese bright copper scrap continues to hover for the fifth day in a row.

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On the LME, the copper 3-month price fell 0.1 percent to $7,217 per metric ton. The primary copper cash price weakened by 0.1 percent on the LME, settling at $7,218 per metric ton.