LME Copper Cash Price Shifts Up, China Prices Climbing Too

The copper cash price saw the biggest upwards shift for the day on our daily copper price index, rising two percent on the LME to close at $7,520 per metric ton on June 18, 2012. Also on the LME, the copper 3-month price rose 1.6 percent to $7,515 per metric ton.

The price of US copper producer grade 122 increased 0.8 percent; so did the price of US copper producer grade 110, while US copper producer grade 102 finished the day just behind with a 0.7 percent increase. The cash price of primary Japanese copper remained essentially flat above $8,100 per metric ton.

Chinese copper prices were mostly looking up for the day. The price of Chinese copper bar increased 0.7 percent and so did the cash price of Chinese copper. Chinese copper wire finished the day up 0.6 percent, while the price of Chinese bright copper scrap remained essentially flat in the mid-$7,000 per metric ton range.

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