Small Drift for LME Cash Price of Primary Copper

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On Friday, March 7, the cash price of primary copper fell by 0.7 percent on the LME, landing at $7,054 per metric ton and making it the day’s biggest mover. The copper 3-month price declined 0.2 percent on the LME to $7,034 per metric ton, after two days of improvement.

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The price of US copper producer grade 122 gained 0.5 percent to finish. The price of US copper producer grade 110 rose 0.5 percent. The price of US copper producer grade 102 increased 0.5 percent. The Japanese copper cash price declined 0.1 percent.

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Chinese copper prices were mixed for the day. The price of Chinese copper wire fell 0.6 percent. Chinese copper bar prices inched up 0.1 percent. The Chinese copper cash price rose 0.1 percent. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat.

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