3-Month Price of Copper Drifts Downwards

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The day’s biggest mover was the copper 3-month price which dropped by 1.3 percent on Friday, January 10 to close at $7,263 per metric ton on the LME. The primary copper cash price saw a 1.2 percent decline on the LME to $7,281 per metric ton.

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The price of US copper producer grade 122 declined 1.0 percent. The price of US copper producer grade 110 fell 1.0 percent. The price of US copper producer grade 102 weakened by 0.9 percent. A 30-day high was reached by the cash price of primary Japanese copper following a 0.1 percent increase, to finish.

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Chinese copper closed mixed last Friday. Chinese copper bar ended the day, after the 1.0 percent drop last Friday. The cash price of Chinese copper fell 1.0 percent. Chinese copper wire finished the day down 0.7 percent. Chinese bright copper scrap stayed flat at around.