LME Copper Cash Price Sees Small Drop

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With a decline of one percent on the LME to $7,595 per metric ton on July 19, 2012, the copper cash price recorded the biggest shift of the day. The copper 3-month price weakened by one percent on the LME, settling at $7,595 per metric ton.

After falling for two days, the prices of US copper producer grades 102, 110 and 122 rose 0.5 percent. The cash price of primary Japanese copper saw little movement at above $8,100 per metric ton.

Chinese copper closed mixed on Thursday. Chinese copper wire finished the day up 0.3 percent. The price of Chinese copper bar increased 0.2 percent, as did the cash price of Chinese copper.

The price of Chinese bright copper scrap steadied at above $7,600 per metric ton following two days of increases.

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