JX Nippon Mining & Metals announced on September 4th to hike the official copper price for September shipments by 10,000 yen to 680,000 yen. Oversea’s copper price rising contributed the price down on the background that rapid drop of Chinese stock market calmed down and ECB suggested the possibility to extend quantitative easing.
Japan Steel Scrap Composite Prices (Sangyo Press)01/17/2019
|30000YEN (-)||35100YEN (-)|
|272.8US$ (-1.32)||319.18US$ (-1.54)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)