US Copper Producer Prices Rise on MetalMiner's Weekly Copper Price Index

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The week’s biggest movers on the weekly Copper MMI® were the prices of US copper producer grades 110 and 122, which saw a 3.6 percent increase. This comes on the heels of a 2.5 percent decline the week prior.

The price of US copper producer grade 102 rose 3.4 percent after falling 2.4 percent during the previous week.

The week finished with no movement for Korean copper strip. Still holding just below $8,200 per metric ton, the cash price of primary Japanese copper remained essentially flat.

Chinese copper prices were up for the week. The price of Chinese copper wire rose 1.9 percent after falling 0.7 percent during the previous week. The price of Chinese copper bar rose 1.7 percent after falling 0.8 percent during the previous week.

The Chinese copper cash price rose 1.7 percent after falling 0.8 percent during the previous week. The price of Chinese bright copper scrap rose 0.2 percent after falling 1.1 percent during the previous week.

The 3-month price of copper rose 1.5 percent on the LME to $7,508 per metric ton after falling 1.5 percent during the previous week. The primary copper cash price rose 1.5 percent on the LME to $7,495 per metric ton after falling 1.7 percent during the previous week.

The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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