en.Wedoany.com Reported - On May 14, Japan's JX Metals raised its electrolytic copper benchmark price by 40,000 yen per ton, bringing the adjusted price to 2.31 million yen. This marks the first time this key spot trading price indicator for copper raw materials and copper products has broken through the 2.3 million yen threshold. The company's average electrolytic copper benchmark price for May was 2,284,100 yen. This price adjustment primarily reflects the impact of fluctuations in international copper prices and exchange rates.

At the beginning of this year, JX Metals' electrolytic copper benchmark price reached 2.05 million yen, standing above the 2 million yen level for the first time at that point. Since then, international copper prices have continued to trade at high levels, driving the electrolytic copper benchmark price steadily higher. The combined effect of international copper price and exchange rate fluctuations has acted on this key price indicator, causing it to rise continuously over the past few months.

As a key price indicator for spot trading of copper raw materials and copper products in Japan, changes in the electrolytic copper benchmark price directly reflect transmission from the international market. Following JX Metals' increase of 40,000 yen per ton, the indicator reached 2.31 million yen, higher than the month-to-date average price for May of 2,284,100 yen, and also significantly higher than the 2.05 million yen seen at the beginning of the year. The benchmark price currently stands at 2.31 million yen per ton.

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