Prices Reach 30-Day Low for Chinese Copper Bar

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The day’s biggest mover was Chinese copper bar, dropping 0.9 percent to settle on Monday, March 3. The Chinese copper cash price fell 0.9 percent to a 30-day low on Monday. The price of Chinese copper wire reached a 30-day low after decreasing 0.9 percent. The price of Chinese bright copper scrap remained essentially flat at CNY 44,300 ($7,209) per metric ton.

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The price of US copper producer grade 122 fell 0.8 percent. The price of US copper producer grade 110 weakened by 0.8 percent. The price of US copper producer grade 102 declined 0.7 percent. The cash price of primary Japanese copper saw a 0.5 percent decline.

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On the LME, the cash price of primary copper fell 0.7 percent to $7,097 per metric ton. Also on the LME, the copper 3-month price declined 0.7 percent to $7,026 per metric ton.