LME Copper Prices Lower, Chinese Copper Prices Rise

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On July 17, 2012, the day’s biggest mover on our daily copper price index was the cash price of primary copper, which saw a 0.7 percent decline on the LME to $7,635 per metric ton. Also on the LME, the copper 3-month price declined 0.4 percent to $7,640 per metric ton.

The price of US copper producer grade 122 saw a 0.5 percent decline; so did the prices of US copper producer grades 102 and 110. The Japanese copper cash price was unchanged at under $8,100 per metric ton.

Chinese copper prices, however, were up for the day.

Chinese copper wire gained 0.5 percent. The price of Chinese copper bar finished the market day up 0.4 percent per metric ton. The Chinese copper cash price rose 0.3 percent, and the price of Chinese bright copper scrap gained 0.2 percent.

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