LME Copper 3-Month Price Increases 1.4%

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On April 26, 2012, the day’s biggest mover in copper prices was the LME copper 3-month price, which saw a 1.4 percent increase to $8,200 per metric ton. Also on the LME, primary copper cash prices inched up 1.1 percent to $8,285 per metric ton.

US copper producer grade 110 saw its price rise 0.5 percent, while US copper producer grade 102 prices finished the day up 0.4 percent. The cash price of Japanese primary copper held steady on Thursday, remaining below $8,600 per metric ton.

Chinese copper closed mixed yesterday. After a few days of little change, the cash price of Chinese primary copper popped up 0.3 percent on the SHFE, landing at CNY 58,850 ($9,333) per metric ton. The price of Chinese copper wire moved up 0.3 percent, while Chinese bright copper scrap saw little change in its price yesterday, resting under $8,000 per metric ton.

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