Chinese Copper Wire Price Jumps Up On MetalMiner's Daily Copper Index

Chinese copper wire saw the biggest upwards shift for the day on our daily copper price index, rising four percent on June 25, 2012.

Monday saw the price of Chinese bright copper scrap shift down 0.6 percent, after three quiet days. The price of Chinese copper bar fell 0.3 percent. The cash price of Chinese copper also saw a 0.3 percent decline.

The price of US copper producer grades 110 and 122 rose 0.3 percent after falling for two days. The price of US copper producer grade 102 closed following a 0.2 percent rise yesterday. The cash price of primary Japanese copper saw little movement at below $8,000 per metric ton.

On the LME, the copper 3-month price declined two percent to $7,281 per metric ton. The cash price of primary copper weakened by 1.4 percent on the LME, settling at $7,319 per metric ton.

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