Daily Base Metals Prices Roundup – April 17, 2012

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US Copper Producer Grade 110 Price Moves Down 0.2 Percent

US copper producer grade 110 saw a 0.2 percent drop on April 16, 2012, making it the biggest mover of the day. US copper producer grade 102 prices saw a 0.1 percent decline. The cash price of Japanese primary copper flattened at near $8,600 per metric ton after two days of improvement.

Chinese copper prices were flat for the day. The cash price of copper showed little movement yesterday on the SHFE at CNY 57,900 ($9,186) per metric ton. At around $9,000 per metric ton, the price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap held its value yesterday at around the $8,000 per metric ton mark.

The 3-month price of primary copper held steady yesterday on the LME, remaining around $8,120 per metric ton. Also on the LME, the cash price of primary copper showed little movement yesterday, hovering around $8,165 per metric ton.

3-Month Primary Aluminum Price Plateaus

On April 16, the 3-month price of primary aluminum saw little movement on the LME at $2,088 per metric ton. Following two days of dropping prices, the cash price of Indian primary aluminum flattened out as well.

Chinese aluminum prices were steady for the day. For the fifth consecutive day, the price of Chinese aluminum scrap held pat at above $2,600 per metric ton. The prices of Chinese aluminum billet and aluminum bar remained even. The SHFE cash price of Chinese primary aluminum showed little movement yesterday, hovering around CNY 15,940 ($2,529) per metric ton.

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