US Copper Producer Prices Change Direction

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US copper producer grade 110 price fell 1.2 percent on June 21, 2012, making it the day’s biggest mover on our daily copper price index. Weakening prices followed two days of improvement as the price of US copper producer grades 102 and 122 dropped 1.2 percent as well.

The cash price of primary Japanese copper saw essentially no change for the fifth day in a row, remaining above $8,000 per metric ton.

Chinese copper prices were mixed for the day. Chinese copper wire fell 1.1 percent on Thursday, while the price of Chinese copper bar dropped one percent. The Chinese copper cash price also declined one percent after two days of improvement. The price of Chinese bright copper scrap remained steady at below $7,400 per metric ton.

On the LME, the cash price of primary copper gained 0.8 percent to finish at $7,565 per metric ton. Also on the LME, the copper 3-month price rose 0.6 percent to $7,555 per metric ton.

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