Chinese Bright Copper Scrap Price Moves Down

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Chinese bright copper scrap saw the biggest price shift of the day on our daily copper price index, dropping 1.7 percent on June 19, 2012.

Chinese copper bar prices inched up 0.2 percent, and so did the Chinese copper cash price. The price of Chinese copper wire steadied at below $8,800 per metric ton following two days of increases.

The prices of US copper producer grades 102, 110 and 122 all finished the day with 0.2 percent increases. The Japanese copper cash price remained essentially flat at above $8,000 per metric ton.

The primary copper cash price saw a 0.6 percent decline on the LME to $7,475 per metric ton. The copper 3-month price weakened by 0.5 percent on the LME, settling at $7,480 per metric ton.

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