0.5% Shift for Chinese Bright Copper Scrap

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Metal Prices
At CNY 43,220 ($7,142) per metric ton, Chinese bright copper scrap moved up 0.5 percent on Wednesday, January 8, the day’s biggest change. Chinese copper wire prices inched up 0.4 percent to CNY 52,290 ($8,641) per metric ton. At CNY 53,150 ($8,783), the price of Chinese copper bar finished the market day up 0.2 percent per metric ton. The cash price of Chinese copper increased 0.2 percent to CNY 53,350 ($8,816) per metric ton.

The price of US copper producer grade 122 saw little movement yesterday, closing out around $4.10 per pound. The Japanese copper cash price held steady yesterday, remaining around JPY 805,000 ($7,687) per metric ton. The price of US copper producer grade 102 remained essentially flat at $4.29 per pound. The price of US copper producer grade 110 showed little movement yesterday at $4.10 per pound.

The 3-month price of copper steadied at $7,290 per metric ton following two-days of dropping prices on the LME. After dropping for two days on the LME, the primary copper cash price flattened at $7,313.

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