LME Copper 3-Month Price Increases 1.4%

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 to $6.70 per pound. US copper producer grade 102 prices finished the day up 0.4 percent to $6.89 per pound. The cash price of Japanese primary copper held steady on Thursday, remaining around JPY 698,000 ($8,586) per metric ton.

Chinese copper closed mixed yesterday. After a few days of little change, the cash price of Chinese primary copper jumped 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, landing at CNY 57,800 ($9,166) per metric ton. Chinese bright copper scrap saw little change in its price yesterday at CNY 50,050 ($7,937) per metric ton.

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