LME Copper Prices Down, While Chinese Copper Rises

On the LME, the cash price of primary copper declined 0.5 percent to $8,045 per metric ton last Friday, April 20, 2012. The 3-month price of primary copper weakened on the LME by 0.4 percent, settling at $8,004 per metric ton.

The cash price of Japanese primary copper increased slightly to close at above $8,400 per metric ton. The price of US copper producer grade 110 held steady, as did the US copper producer grade 102 price.

Prices for Chinese copper were up for the day. The price of Chinese bright copper scrap finished the day at below $8,000 per metric ton following a 0.5 percent increase. Chinese copper wire gained 0.1 percent, while on the SHFE, the cash price of Chinese primary copper rose 0.3 percent to CNY 58,670 ($9,307) per metric ton.

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