LME Copper Prices Down, While Chinese Copper Rises

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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 JPY 689,000 ($8,432) per metric ton. The price of US copper producer grade 110 held steady at $6.62 per pound. At $6.81 per pound, the price of US copper producer grade 102 was essentially unchanged.

Prices for Chinese copper were up for the day. The price of Chinese bright copper scrap finished the day at CNY 49,950 ($7,923) per metric ton following a 0.5 percent increase. On the SHFE, the cash price of Chinese primary copper rose 0.3 percent to CNY 58,670 ($9,307) per metric ton. Chinese copper wire gained 0.1 percent to finish at CNY 57,525 ($9,125) per metric ton.

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