Copper Alloy Product Market Price Down in 2H of August

Tokyo Copper Alloy Products Distributors Association announced on Friday the market price downed by 100 yen per kilogram for copper sheet, by 80 yen per kg for brass strip, by 70 yen per kg for brass sheet and by 40 yen per kg for brass round bar among copper product dealers around Tokyo in the second half of August compared with the first half.Japanese official copper ingot price, the indicator for copper alloy product prices, dropped down by 120,000 yen to 840,000 yen per tonne on 17 August. The monthly average of the copper ingot price would decrease by more than 100,000 yen compared with July average, though the price rebounded by 20,000 yen on 22 August. Japanese major brass bar makers’ purchasing price for brass turning scrap decreased by 111 yen per kg on 24 August compared with the end of July, which is the indicator for brass bar market price.Market dealers seemed to decrease their reselling prices to reflect the decline of the copper ingot price and the brass turning scrap price. On the other hand, the reselling prices didn’t decrease for copper tube and brass tube since the dealers could not pass the increasing copper cost on their reselling prices.The market price increased by 61-62 yen per kg for phosphor bronze sheet in the second half of August, which reflect the average of copper ingot price in the previous month. The market price dropped down by 102-111 yen per kg for white metal to reflect the down of averaged nickel price in July.