Prices for Chinese copper were up for the week. The price of Chinese bright copper scrap rose 1.7 percent to CNY 43,470 ($7,184) per metric ton after falling 4.2 percent during the previous week. Chinese copper wire prices ticked up 1.2 percent over the past week to CNY 52,475 ($8,672) per metric ton. In the past week, Chinese copper bar saw its price shift up 0.4 percent to CNY 53,020 ($8,762) per metric ton. The cash price of Chinese copper settled at CNY 53,220 ($8,795) per metric ton this week after shifting up 0.4 percent.
Closing out the third week of rising prices, the primary copper cash price increased by 1.6 percent on the LME, landing at $7,394 per metric ton. The copper 3-month price rose 1.4 percent on the LME this week, closing out the third week at $7,370 per metric ton.
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