Primary Copper Cash Price Improves on the LME

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The LME cash price of primary copper saw the biggest increase at 0.8 percent, finishing at $8,194 per metric ton for April 25, 2012. Also on the LME, the 3-month price of primary copper gained 0.5 percent to finish at $8,090 per metric ton.

US copper producer grade 110 finished the day with a 0.8 percent price increase, while the price of US copper producer grade 102 increased 0.7 percent. The Japanese primary copper cash price saw little change in its price yesterday, holding below $8,600 per metric ton.

Chinese copper closed mixed yesterday. The price of Chinese bright copper scrap declined 0.2 percent. The price of Chinese copper wire remained steady above $9,100 per metric ton, and the Chinese primary copper cash price remained essentially flat as well on the SHFE at CNY 58,650 ($9,302) per metric ton.

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