US copper producer grade 110 price rose two percent on Aug. 6, 2012, making it the day’s biggest mover on our copper price index. After two days of falling prices, the price of US copper producer grade 122 also rose two percent and the US copper producer grade 102 price rose 1.9 percent.
The Japanese copper cash price saw essentially no change for the fifth day in a row.
Chinese copper prices, however, were up for the day.
Chinese bright copper scrap prices rose one percent, and the price of Chinese copper wire increased 0.9 percent. The price of Chinese copper bar is back up, rising by 0.8 percent yesterday. The Chinese copper cash price closed with a 0.8 percent rise.
The 3-month price of copper saw a 0.9 percent decline on the LME to $7,327 per metric ton. Also on the LME, the primary copper cash price declined 0.8 percent to $7,326 per metric ton.