After drifting 4.2 percent, Chinese bright copper scrap dropped, making it the biggest mover on the weekly Copper MMI® this week. The price of Chinese copper bar rose 1.4 percent after falling 0.2 percent during the previous week. The Chinese copper cash price rose 1.4 percent after falling 0.2 percent during the previous week. Chinese copper wire rose by a slight 1.3 percent.
After drifting 4.2 percent, Chinese bright copper scrap dropped, making it the biggest mover on the weekly Copper MMI® this week. The price of Chinese copper bar rose 1.4 percent after falling 0.2 percent during the previous week. The Chinese copper cash price rose 1.4 percent after falling 0.2 percent during the previous week. Chinese copper wire rose by a slight 1.3 percent.
The cash price of primary copper rose 0.8 percent on the LME to $7,278 per metric ton after falling 0.2 percent during the previous week. The 3-month price of copper rose 0.8 percent on the LME over the past week to $7,271 per metric ton.