On Friday, February 21, the copper 3-month price fell by 0.7 percent on the LME, landing at $7,131 per metric ton and making it the day’s biggest mover. Also on the LME, the cash price of primary copper fell 0.4 percent to $7,185 per metric ton.
The price of US copper producer grade 122 declined 0.2 percent to $4.02 per pound. 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. The Japanese copper cash price closed. Following a couple days of improvement, the metal’s price weakened by 0.1 percent.
Chinese copper closed mixed last Friday. Chinese copper wire prices inched up 0.2 percent. The price of Chinese copper bar remained essentially flat. The cash price of Chinese copper saw little price change last Friday. The price of Chinese bright copper scrap remained essentially flat.