The LME copper 3-month price closed at $7,695 per metric ton on July 5, 2012, making it the day’s biggest mover on our daily copper price index. Following a couple days of improvement, the metal’s price weakened by one percent on the LME.
The copper cash price fell 0.9 percent to $7,705 per metric ton on the LME.
Japanese and US copper producer prices, meanwhile, held steady.
The price of US copper producer grade 122 saw little price change on Thursday. The US copper producer grade 102 price held steady above $4.00 per pound. The price of US copper producer grade 110 showed little movement yesterday, also hovering above $4.00 per pound.
The Japanese copper cash price continues hovering above $8,000 per metric ton for the fifth day in a row.
Chinese copper closed mixed on Thursday.
Following two days of rising prices, the price of Chinese copper wire dropped 0.1 percent. The price of Chinese copper bar ended a two-day climb, settling above $9,000 per metric ton. The Chinese copper cash price flattened after two days of improvement, and Chinese bright copper scrap stayed flat in the mid-$7,000 per metric ton range.