Chinese Copper Wire Declines Nearly 5%

On June 13, 2012, the day’s biggest mover was the price of Chinese copper wire, which saw a 4.7 percent decline on the day. The price of Chinese copper bar increased 0.2 percent, as did the Chinese copper cash price. In the mid-$7,000s per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

The prices of US copper producer grades 122 and 110 saw a 0.3 percent decline, while the price of US copper producer grade 102 weakened by 0.2 percent. The Japanese copper cash price continues hovering above $8,000 per metric ton for the fifth day in a row.

On the LME, the cash price of primary copper fell 0.2 percent to $7,383 per metric ton. Also on the LME, the copper 3-month price declined 0.1 percent to $7,394 per metric ton.

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