The price of US copper producer grade 110 increased by 1.2 percent for July 12, 2012. US copper producer grade 122 also increased by 1.2 percent. The price of US copper producer grade 102 increased 1.2 percent. For the fifth day in a row, the Japanese copper cash price remained essentially flat.
Chinese copper closed mixed yesterday. Chinese bright copper scrap finished the day up 0.6 percent. The price of Chinese copper wire fell 0.4 percent. Chinese copper bar fell 0.1 percent yesterday. The Chinese copper cash price weakened by 0.1 percent.
On the LME, the 3-month price of copper declined 0.5 percent to $7,520 per metric ton. The primary copper cash price saw a 0.4 percent decline on the LME to $7,525 per metric ton.