US Copper Producer Prices Drop on MetalMiner's Daily Copper Index

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On June 22, 2012, the day’s biggest mover on our daily copper price index was the price of US copper producer grade 110, which saw a 2.2 percent decline. The price of US copper producer grade 122 fell 2.2 percent. Meanwhile, the price of US copper producer grade 102 declined 2.1 percent.

The cash price of primary Japanese copper remained essentially flat below $8,000 per metric ton.

Chinese copper prices closed flat for the day. The price of Chinese copper bar remained steady, and the Chinese copper cash price held steady below $8,900 per metric ton.

The price of Chinese copper wire remained essentially flat, and the price of Chinese bright copper scrap remained steady.

Following a couple days of improvement, the cash price of primary copper weakened by 1.8 percent on the LME. Prices closed at $7,425 per metric ton. The copper 3-month price changed direction with a 1.7 percent drop. After two days of improving prices, the finished at $7,429 per metric ton on the LME.

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