Chinese Copper Wire Moves 1.3 Percent Lower

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Decreasing 1.3 percent made Chinese copper wire the biggest mover on the MetalMiner copper index. The price of Chinese copper bar fell 1.1 percent to CNY 55,480 ($8,718) per metric ton. The Chinese copper cash price declined 1.1 percent. Chinese bright copper scrap held its value yesterday.

The price of US copper producer grade 122 flattened at after two days of increases. For the fifth consecutive day, the cash price of primary Japanese copper held flat. Following a two-day rise, the price of US copper producer grade 102 also flattened. After a couple of days of improving prices, the price of US copper producer grade 110 held steady.

On the LME, the 3-month price of copper rose 0.1 percent to $7,345 per metric ton. Also on the LME, the cash price of primary copper saw little change in its price yesterday at $7,346 per metric ton.

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