On April 24, 2012, the day’s biggest mover was Japanese primary copper cash prices, which saw a 1.5 percent increase. The US copper producer grade 110 price finished the day down one percent, while the US copper producer grade 102 price fell one percent yesterday as well.
Chinese copper prices were flat for the day. Following a two-day rise, the price of Chinese copper wire flattened at above $9,100. On the SHFE, the cash price of Chinese primary copper held steady around CNY 58,680 ($9,307) per metric ton. The price of Chinese bright copper scrap steadied at under $8,000 per metric ton following its short climb.
The 3-month price of LME primary copper weakened by 0.4 percent, settling at $8,049 per metric ton. Primary copper cash prices showed little movement on Tuesday on the LME at $8,125 per metric ton.