Chinese Copper Wire Experiences Large Decrease

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Chinese copper wire had the largest decline on June 26, 2012, dropping four percent and closing under $8700 per metric ton. Chinese bright copper scrap jumped 3.2 percent. The price of Chinese copper bar remained steady in the $8800 per metric ton range. The Chinese copper cash price held steady yesterday, remaining in the mid $8,800 per metric ton range.

The price of US copper producer grade 122 rose 0.3 percent. The price of US copper producer grade 110 increased 0.3 percent as well. The price of US copper producer grade 102 rose 0.2 percent. The Japanese copper cash price held steady at just over $8,000 per metric ton.

The copper 3-month price is back up, rising by 0.7 percent on the LME on Tuesday to close at $7,334 per metric ton. Following a two-day drop, the cash price of primary copper increased by 0.3 percent on the LME to $7,342 per metric ton.

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