Following two days of increases, US copper producer grades 110 and 122 prices dropped by 2.2 percent on July 23, 2012 on MetalMiner’s daily copper price index. The price of US copper producer grade 102 changed direction with a 2.1 percent drop.
For the fifth consecutive day, the cash price of primary Japanese copper held flat below $8,150 per metric ton.
Prices of Chinese copper were down across the board on Monday.
Following two days of rising prices, the price of Chinese copper wire dropped 1.6 percent, and the price of Chinese copper bar declined 1.5 percent.
The cash price of Chinese copper, following a couple days of improvement, weakened by 1.5 percent. After two changeless days, the price of Chinese bright copper scrap fell 0.2 percent as well.
On the LME, the cash price of primary copper declined 1.9 percent to $7,620 per metric ton. Also on the LME, the 3-month price of copper fell 1.6 percent to $7,635 per metric ton.