The 3-month price of copper saw a 3.2 percent drop on the LME on July 24, 2012, landing at $7,389 per metric ton and making it the biggest mover of the day. A $234.00 decline in the primary copper cash price on the LME left the price at $7,386 per metric ton.
The price of US copper producer grades 110 and 122 saw a 1.5 percent decline, while US copper producer grade 102 prices fell 1.4 percent. The cash price of primary Japanese copper was unchanged at below $8,200 per metric ton.
Chinese copper prices were down for the day.
Chinese bright copper scrap prices led the decreases with a two percent decline. The price of Chinese copper bar declined 0.6 percent, the cash price of Chinese copper weakened by 0.6 percent, and the price of Chinese copper wire fell 0.6 percent as well.
More complete copper prices daily on the MetalMiner IndX℠.