US Copper Producer Grade 110 Price Collapses
The price of US copper producer grade 110 saw the biggest price shift of the day, dropping 5.2 percent on April 11, 2012. US copper producer grade 102 prices saw a one percent decline. Following two days of dropping rates, the cash price of Japanese primary copper flattened out at JPY 716,000 ($8,818).
Copper prices in China were mixed for the day. The price of Chinese bright copper scrap increased 3 percent. The cash price of copper on the SHFE saw a 2.2 percent decline to CNY 59,050 ($9,356) per metric ton. The price of Chinese copper wire fell as well, down 1.8 percent.
After three essentially changeless days, the 3-month price of primary copper dropped 1.4 percent on the LME yesterday to $8,225 per metric ton. The LME cash price of primary copper fell 1.3 percent yesterday to $8,256 per metric ton after remaining flat for three days.
Price of Japanese Palladium Bar Falls 2.9 Percent
On April 12, 2012, the day’s biggest precious metals mover was palladium bar in Japan, which saw a 2.9 percent decline to JPY 1,663 ($20) per gram. US palladium bar prices rose 1.9 percent to $645.00 per ounce. The price of Chinese palladium bar fell 0.6 percent to CNY 156.00 ($24.76) per gram.
US gold bullion saw its price rise 1.9 percent to $1,669 per ounce. The price of Indian gold bullion increased 0.8 percent to INR 28,405 ($551) per 10 grams. Chinese gold bullion prices rose 0.2 percent to CNY 337.90 ($53.62) per gram. The price of Japanese gold bullion prices flattened out at JPY 4,320 ($53) following a two-day increase.
US silver prices inched up 2.2 percent to $32.09 per ounce. Japanese silver prices saw a 0.9 percent decline to JPY 813.00 ($10.05) per 10 grams. After falling for two days, the price of Chinese silver rose 0.3 percent to CNY 6,610 ($1,049) per kilogram. Indian silver gained 0.1 percent to finish at INR 55,725 ($1,082) per kilogram.
The price of Japanese platinum bar fell 2.5 percent to JPY 4,149 ($51) per gram. Following two days of rising prices, the price of Chinese platinum bar dropped two percent to CNY 342.50 ($54.35) per gram. US platinum bar prices saw a 0.1 percent decline to $1,588 per ounce.
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