US copper producer grade 110 price saw a 1.7 percent drop on Friday, February 28, making it the biggest mover of the day. The price of US copper producer grade 122 saw a 1.7 percent decline. The price of US copper producer grade 102 weakened by 1.7 percent. The Japanese copper cash price declined 0.3 percent.
Chinese copper prices were mixed for the day. Chinese copper wire fell 0.2 percent last Friday. Following two days of downward movement, the price of Chinese copper bar held steady. The Chinese copper cash price flattened after two days of downward movement. The price of Chinese bright copper scrap remained essentially flat.
On the LME, the copper 3-month price showed little movement last Friday, hovering around $7,076 per metric ton. The primary copper cash price saw little movement last Friday on the LME, closing out around $7,149 per metric ton.