Chinese Copper Wire Price Changes Directions

The price of Chinese copper wire closed as the biggest mover for June 15, 2012.

Switching from a downward trend, the metal closed following a 1.2 percent increase. The price of Chinese copper bar increased 0.6 percent, while the Chinese copper cash price finished the day with a 0.6 percent rise. Following a couple of essentially changeless days, the price of Chinese bright copper scrap rose by 0.1 percent.

US producer prices and LME copper prices were at odds, however.

The price of US copper producer grades 102, 110 and 122 all gained 0.5 percent on June 15. The cash price of primary Japanese copper continues to hover below $8,100 per metric ton for the fifth day in a row.

On the LME, the primary copper cash price fell 0.3 percent to $7,376 per metric ton. The copper 3-month price saw a 0.2 percent decline on the LME to $7,399 per metric ton.

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