On May 31, 2012, the day’s biggest mover on global copper markets was US copper producer grade 110 price, which saw a two percent decline.
Following a couple days of improvement, the price of US copper producer grade 122 weakened by two percent. The price of US copper producer grade 102 declined 1.9 percent, also after two days of improvement.
The cash price of primary Japanese copper continues to hover below $8,100 per metric ton for the fifth day in a row.
Chinese copper prices were mixed for the day. The price of Chinese copper wire fell 1.4 percent, while Chinese copper bar prices saw a 1.3 percent decline.
The cash price of Chinese copper declined 1.3 percent, and the price of Chinese bright copper scrap showed little movement on Thursday, holding above $7,400 per metric ton.
On the LME, the cash price of primary copper fell 1.9 percent to $7,540 per metric ton. The 3-month price of copper weakened by 1.7 percent on the LME, settling at $7,545 per metric ton.