Nippon Mining & Metals announced on Wednesday the firm set official copper ingot price at 530,000 yen per tonne for shipment in July, which is as same as the last revised price in June.
Copper price at London Metal Exchange was US$ 4,953.50 per tonne for buy price at afternoon session on Tuesday, which dropped to below US$ 5,000 for the first time in 5 trading days and decreased by about US$ 150 from the previous revision by Nippon Mining & Metals in June. However, the telegraphic transfer selling rate was 97.35 yen per US dollar on Wednesday, which was 0.60 yen lower from the previous copper price revision in Japan. Consequently, Nippon Mining & Metals left official price unchanged.Japan Steel Scrap Composite Prices (Sangyo Press)
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