Cash Price Of Primary Copper Improves Nearly 1%

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The cash price of primary copper saw the biggest upwards shift for the day, rising 0.9 percent on the LME to close at $7,585 per metric ton on Aug. 1, 2012. Also on the LME, the 3-month price of copper inched up 0.7 percent to $7,580 per metric ton.

US copper producer grades 102, 110 and 122 all held steady yesterday. The Japanese copper cash price was unchanged at below $8,200 per metric ton.

Chinese copper prices were mixed for the day.

Chinese copper wire ended the day after a 0.7 percent drop on Wednesday. Chinese copper bar fell 0.2 percent yesterday. The Chinese copper cash price weakened by 0.2 percent as well.

Finally, the price of Chinese bright copper scrap held steady below $7,500 per metric ton.

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