US copper producer grade 110 price saw a two percent drop on Aug. 3, 2012, making it the biggest mover of the day. The price of US copper producer grade 122 saw a two percent decline as well, while the price of US copper producer grade 102 fell 1.9 percent.
For the fifth consecutive day, the cash price of primary Japanese copper held flat below $8,200 per metric ton.
Chinese copper prices were down for the day. Chinese bright copper scrap closed two percent lower, Chinese copper wire prices saw a one percent decline, Chinese copper bar fell 0.8 percent last Friday, and the cash price of Chinese copper declined 0.8 percent.
The cash price of primary copper weakened by 1.5 percent on the LME, settling at $7,386 per metric ton. Also on the LME, the 3-month price of copper declined 1.4 percent to $7,394 per metric ton.