Chinese Bright Copper Scrap Up After Three-Day Flat Spell
On Friday, January 17, the day’s biggest mover was the price of Chinese bright copper scrap, which saw a 3.0 percent increase. This increase comes after three straight days of stagnant prices. Chinese copper bar finished the day down 0.5 percent. The cash price of Chinese copper declined 0.5 percent. Chinese copper wire prices saw a 0.5 percent decline.
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After a 1.5 percent increase, the cash price of primary Japanese copper finished the day. The price of US copper producer grade 122 saw a 0.2 percent decline. The price of US copper producer grade 110 weakened by 0.2 percent. The price of US copper producer grade 102 saw a 0.2 percent decline.
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At $7,327, the copper 3-month price finished the market day on the LME up 0.5 percent per metric ton. Also on the LME, the primary copper cash price rose 0.5 percent to $7,345 per metric ton.