JX Advanced Metals raised its posted copper price by ¥110,000, bringing the benchmark for domestic negotiated transactions to ¥2.42 million per tonne, matching the high recorded in August. The company also said the increase reflected international prices and foreign exchange movements.
JX Advanced Metals raised its posted copper price by ¥110,000, setting the benchmark for domestic negotiated transactions at ¥2.42 million per tonne. This brought the posted copper price to a level matching the high recorded in August.
The increase was said to reflect movements in international prices and foreign exchange rates. Views were expressed that trends in international markets had influenced the background to the specific transactions.
The impact could extend to prices of metals other than copper, and future copper price trends are expected to remain a focus of the market.