Chinese Copper Scrap Price Moves Down on MetalMiner's Daily Index

With a decline of 1.8 percent on July 11, 2012, Chinese bright copper scrap recorded the biggest price shift of the day on our daily copper price index. Chinese copper bar ended the day after a 0.4 percent drop on Wednesday. The cash price of Chinese copper declined 0.4 percent, and the price of Chinese copper wire fell 0.2 percent.

The prices of US copper producer grades, meanwhile, moved yesterday.

After a few changeless days, US copper producer grade 122 prices dropped 1.7 percent. The price of US copper producer grade 110 also fell 1.7 percent yesterday. After holding steady for the past few days, the price of US copper producer grade 102 fell 1.6 percent.

The cash price of primary Japanese copper saw little movement, holding above $8,000 per metric ton.

On the LME, the copper 3-month price increased 0.5 percent to $7,554 per metric ton. After a 0.4 percent increase, the primary copper cash price finished the day on the LME at $7,555 per metric ton.

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