Copper Tube Market Price Keeps Flat in Tokyo

Copper tube market price keeps flat at around 1,255 yen per kilogram for products with 50 millimeters diameter and 5mm thick in Tokyo. The price would stay at the level for a while, though it is unclear how Japanese official copper ingot price fluctuates which is the indicator for market prices of copper fabricated products.Japanese official copper price was revised down by 10,000 yen to 860,000 yen per tonne on December 1 when copper price declined at London Metal Exchange and foreign exchange rate of yen became stronger against US dollar. However, most dealers have not downed copper tube reselling prices yet as well as other copper rolled products.Dealers have decreased the reselling price by about 20 yen per kg since November 21. Dealer source said they cannot decrease the price easily and would maintain wait-and-see stances within this week.Rolled copper products makers keep stances to raise their rolling charges. Copper tube demand is recovering mainly for showcases and electric parts. However, many dealers aim to consolidate the present price level.