JX Nippon Mining & Metals announced on Wednesday the firm reduces the official copper ingot price by 20,000 yen to 700,000 yen per tonne for February shipment. The monthly average price decreases by 10,400 yen to 700,000 yen without any more revision in February.
Mitsubishi Materials announced on Wednesday the firm reduces the official lead ingot price by 10,000 yen to 211,000 yen per tonne for February shipment. The monthly averaged price is 215,800 yen without any more revision in February. Mitsui Mining & Smelting announced on the day the firm reduces the official zinc ingot price by 5,000 yen to 205,000 yen for February shipment. The monthly averaged price is 205,700 yen. Japanese official nonferrous metals price decreased due to weak price at London Metal Exchange. Telegraphic transfer selling rate was 79.53 yen per US dollar on Wednesday, which decreased by 2.39 yen from the beginning of the month. LME price down was wider than yen rate decrease.Japan Steel Scrap Composite Prices (Sangyo Press)
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