Chinese Bright Copper Scrap Increase

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The day’s biggest mover broke away from a static phase with a 1.7 percent jump on Thursday, January 2. After three changeless days, the price of Chinese bright copper scrap closed. Chinese copper bar saw its price rise 0.5 percent. The Chinese copper cash price inched up 0.5 percent. The price of Chinese copper wire moved up 0.2 percent.

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The price of US copper producer grade 122 gained 0.5 percent to finish. The price of US copper producer grade 110 finished the market day up 0.5 percent per pound. The price of US copper producer grade 102 increased 0.5 percent. The cash price of primary Japanese copper continues to hover for the fifth day in a row.

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On the LME, the copper 3-month price declined 0.1 percent to $7,370 per metric ton. Also on the LME, the primary copper cash price rose 0.1 percent to $7,394 per metric ton.