US Copper Producer Grade 122 Price Drops

On July 13, 2012, the price of US copper producer grade 110 fell by 0.7 percent, making it the day’s biggest mover on MetalMiner’s daily copper price index.

As for other US copper producer price grades, grade 122 prices weakened by 0.7 percent. The price of grade 102 saw a 0.7 percent decline. The cash price of primary Japanese copper continues hovering above $8,000 per metric ton for the fifth day in a row.

Chinese copper closed mixed last Friday. The price of Chinese copper wire closed following a 0.6 percent increase. The price of Chinese copper bar is back up, rising by 0.4 percent last Friday. Following a two-day drop, the cash price of Chinese copper increased by 0.4 percent as well. Chinese bright copper scrap stayed flat in the mid-$7,000-per-ton range.

On the LME, the 3-month price of copper declined 0.5 percent to $7,485 per metric ton. Also on the LME, the cash price of primary copper fell 0.3 percent to $7,505 per metric ton.

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