Daily Copper Roundup: Chinese Prices Increase

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With a 0.4 percent increase on June 14, 2012, Chinese copper bar was the biggest mover on the global copper markets. The cash price of Chinese copper rose 0.4 percent as well. Chinese copper wire closed 0.2 percent lower, while above $7,500 per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

The Japanese copper cash price saw essentially no change for the fifth day in a row, while US copper producer prices seemed quiet.

The prices of US copper producer grades 102, 110 and 122 saw little movement on Thursday.

On the LME, the 3-month price of copper rose 0.3 percent to $7,415 per metric ton. At $7,397, the primary copper cash price finished the market day on the LME up 0.2 percent per metric ton.

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