3-Month Price Of Copper Sees Small Decrease

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On Aug. 13, 2012, the copper 3-month price fell by 0.9 percent on the LME, landing at $7,439 per metric ton and making it the day’s biggest mover on the daily copper index. The primary copper cash price weakened by 0.9 percent on the LME, settling at $7,430 per metric ton.

The prices of US copper producer grades 102, 110 and 122 all saw a 0.7 percent decline on the day. The Japanese copper cash price saw little movement again.

Chinese copper prices were mixed for the day. The price of Chinese copper bar fell 0.4 percent, as did Chinese copper, falling 0.4 percent as well.

Chinese copper wire finished the day down 0.3 percent, while Chinese bright copper scrap saw little change in its price on Monday, holding above $7,400 per metric ton.

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