US Copper Producer Prices Drop Slightly, China Copper Mostly Down

On July 18, 2012, the US copper producer prices for grades 102, 110 and 122 fell by 0.7 percent, making the three price points the day’s biggest movers.

The cash price of primary Japanese copper held steady at below $8,100 per metric ton.

Chinese copper closed mostly down yesterday.

After improving for two days, the price of Chinese copper wire declined 0.7 percent. Following two days of rising prices, the price of Chinese copper bar dropped 0.6 percent. The cash price of Chinese copper changed direction with a 0.6 percent drop. Chinese bright copper scrap gained 0.5 percent.

After a 0.5 percent increase, the cash price of primary copper finished the day on the LME at $7,675 per metric ton. Also on the LME, the 3-month price of copper inched up 0.4 percent to $7,670 per metric ton.

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