JX Nippon Mining & Metals announced on Wednesday the firm decreases official copper ingot price by 30,000 yen to 700,000 yen per tonne for April shipment, which is the lowest level since February 21. Mitsui Mining & Smelting announced the firm reduces official zinc ingot price by 5,000 yen to 205,000 yen for April shipment. They reflect lower offshore market and higher yen rate.
The averaged monthly copper price decreases to 713,500 yen for the month. Offshore copper price was US$ 8,256 per tonne at settlement of London Metal Exchange on Tuesday, which was US$ 195.50 lower than the level in previous revision. Telegraphic transfer selling rate is 81.75 yen per US dollar, which was 1.61 yen higher than previous revision level. The averaged monthly zinc price decreases to 206,800 yen per tonne for April. LME zinc settlement was US$ 1,998 per tonne on Tuesday, which was US$ 5 lower than previous revision level. TTS rate is 2.45 yen higher than previous revision level.Japan Steel Scrap Composite Prices (Sangyo Press)
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