Copper Price Roundup: LME, Producer Prices Down

The cash price of primary copper saw the biggest shift of the day, dropping 3.1 percent on the LME to close at $7,251 per metric ton on June 11, 2012. The copper 3-month price saw a 2.9 percent decline on the LME to $7,265 per metric ton.

The price of US copper producer grade 122 declined two percent, US copper producer grade 110 weakened by two percent, and US copper producer grade 102 fell 1.9 percent. For the fifth consecutive day, the Japanese copper cash price held flat below $8,100 per metric ton.

Meanwhile, all Chinese copper prices saw movement.

Chinese copper wire prices rose 1.8 percent, and Chinese copper bar saw its price rise 1.6 percent. The Chinese copper cash price gained 1.6 percent.

Weakening prices followed two days of improvement as the price of Chinese bright copper scrap dropped 0.4 percent.

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