Chinese Bright Copper Scrap Price Improves on Daily Index

by MetalMiner IndX Reports on

The day’s biggest mover on MetalMiner’s daily copper index broke away from a static phase with a 2.2 percent jump on Sept. 20, 2012. After three changeless days, the price of Chinese bright copper scrap closed below $8,100 per metric ton.

The price of Chinese copper bar finished the market day up 0.2 percent. The cash price of Chinese copper rose 0.2 percent. Chinese copper wire prices were essentially unchanged.

US copper producer prices for grades 102, 110 and 122 showed little movement. The Japanese copper cash price saw essentially no change for the fifth day in a row.

The primary copper cash price rose 1.2 percent on the LME to $8,322 per metric ton after a two-day drop. Following a 1 percent rise on Thursday, the 3-month price of copper closed on the LME at $8,330 per metric ton.

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