Primary Copper Cash Prices Fall

On Aug. 10, 2012, the copper cash price fell by 0.4 percent on the LME, landing at $7,495 per metric ton and making it the day’s biggest mover on our daily copper index. The copper 3-month price saw a 0.2 percent decline on the LME to $7,508 per metric ton.

US copper producer grade 102, 110 and 122 prices finished the market day up 0.2 percent per pound. The cash price of primary Japanese copper saw essentially no change for the fifth day in a row.

Chinese copper prices were mixed for the day.

Chinese copper bar prices saw a 0.1 percent decline, and the Chinese copper cash price fell 0.1 percent. At north of $8,700 per metric ton, the price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap saw little change in its price last Friday, remaining above $7,400 per metric ton.

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