LME Copper 3-Month Price Improves, Chinese Copper Scrap Up

With a 0.9 percent increase over the past day, the 3-month price of LME copper was the biggest mover on our daily copper price index, closing at $7,766 per metric ton on July 6, 2012. Also on the LME, the primary copper cash price gained 0.7 percent to finish at $7,760 per metric ton.

US copper producer grades 122, 102, and 100 saw little movement last Friday. The cash price of primary Japanese copper held steady at above $8,000 per metric ton.

Chinese copper prices, however, saw movement for the day.

The price of Chinese bright copper scrap finished the market day up 0.8 percent per metric ton. The price of Chinese copper bar declined 0.3 percent, as did the Chinese copper cash price.

Finally, Chinese copper wire prices closed 0.2 percent lower.

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