Copper Cash Price Up After Two-Day Drop

On Monday, December 23, the day’s biggest mover was the copper cash price, which saw a 0.6 percent increase on the LME. This increase comes after the price fell for the two previous days. After falling for two days, the copper 3-month price rose 0.4 percent on the LME to $7,243 per metric ton.

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The price of US copper producer grade 122 saw little movement on Monday. The Japanese copper cash price remained essentially flat. The price of US copper producer grade 102 held steady. The price of US copper producer grade 110 remained essentially flat.

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Chinese copper prices were mixed for the day. The price of Chinese copper bar increased 0.5 percent. The cash price of Chinese copper gained 0.5 percent to finish. For the fifth consecutive day, the price of Chinese copper wire held flat. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row.

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