Copper Plate Price Keeps Flat in Nagoya

Copper plate market price keeps flat with potential increase around Nagoya at around 1,100-1,150 yen per kilogram for small plates with 2 millimeters thick and at around 1,250-1,300 yen per kg for large plates with 2mm thick.Japanese official copper ingot price, the indicator for market prices of copper fabricated products, was revised up by 30,000 yen to 940,000 yen per tonne on 17 June. The official price reflected the upsurge of copper settlement at London Metal Exchange and the exchange rate of weaker yen against US dollar.Domestic demand for copper plate maintains slow, especially declining from automobiles and air planes. On the other hand, a dealer source said demand for copper sheet is recovering from semiconductors.Copper plate supply is tightening when domestic copper fabricators are in full operations mainly for copper strips. Dealers’ inventories are short for some sizes of copper sheet.Dealers set the copper plate reselling prices unchanged even though the official copper ingot price was revised up. They feel the demand is still weak. The market price would keep flat with potential increase for a while.