Japan Chemical Trading Blog

The latest chemical trading industry insights from Japan, Asia and the world, reported by the President of Daishin Corporation, Masa Oguchi.

Sudden Drop in Copper Price

Currently, the copper price on the LME is the lowest in the last 8 months, trading in the USD6,700 range.

This is due to economic uncertainty in China such as the recent default on a corporate bond by a major Chinese PV panel manufacturer.

Copper markets in Shanghai and NY have also been marking a sell-off.

Sudden Drop in Copper Price

Currently, the copper price on the LME is the lowest in the last 8 months, trading in the USD6,700 range.

This is due to economic uncertainty in China such as the recent default on a corporate bond by a major Chinese PV panel manufacturer.

Copper markets in Shanghai and NY have also been marking a sell-off.