International copper market price calmed down after surge due to Chilean major earthquake. Copper price temporarily increased by around 6% to more than US$ 7,600 per tonne on Monday in Asia from the level on Friday due to the strong buying with expectation for short supply. However, the price decreased during the session on Monday with report for no serious damage on copper mines.
Copper settlement was US$ 7,335 per tonne at London Metal Exchange on Monday. The price is expected to keep the level until the market realizes how much Chilean copper supply decreases due to the earthquake in the chain from mining to shipping, according to Japanese major trade firm source. Nippon Mining & Metals didn’t increase Japanese official copper ingot price on Tuesday. Nippon Mining & Metals decreased the official price by 40,000 yen to 680,000 yen per tonne on Monday and the firm suggested the price could increase when the overseas price surged in pre-market trading on Monday.| M | T | W | T | F | S | S |
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| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
