Nippon Mining & Metals announced on Tuesday the firm increased the official selling copper price by 10,000 yen to 590,000 yen per tonne on shipping January. Monthly average selling copper price was 585,700 yen. LME, London Metal Exchange, copper market which is index of trade was breaking the record successive days since the funds was continuing the buy to see the strike of Codelco in Chile, and recorded the historic high to US$ 4,754 in the settlement on January 17. The rising of LME copper market triggered Nippon Mining & Metal’s hike against the higher yen rate in recently which decreased to 116.26 yen by 1.29 yen in 17 over the previous day.
Japan Steel Scrap Composite Prices (Sangyo Press)05/23/2019
|29700YEN (-)||33600YEN (-)|
|266.89US$ (0.59)||301.94US$ (0.68)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)