LME, SHFE Copper Prices Rise

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The SHFE cash price of copper saw the biggest upwards shift for the day, rising 0.9% to close at CNY $58,400 ($9,266) per metric ton on April 18, 2012. Following a two-day drop, the price of Chinese bright copper scrap increased by 0.5%. Also, Chinese copper wire saw its price rise 0.4%.

The cash price of Japanese primary copper saw a 0.4% decline to around $8,350 per metric ton. The US copper producer grade 110 price gained 0.3%, while US copper producer grade 102 saw its price rise 0.3%.

After falling for two days, the cash price of primary copper rose 0.6% on the LME to $8,100 per metric ton. The 3-month price of primary copper rose 0.3% on the LME to $8,015 per metric ton after a two-day drop.

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