The day’s biggest mover on our daily copper price index was US copper producer prices — grade 102, 110 and 122 prices dropped by 1.2 percent on Aug. 14, 2012.
The cash price of primary Japanese copper has been at a standstill for days, holding flat below $8,200 per metric ton.
Chinese copper prices were mixed for the day.
Chinese copper wire finished the day down 0.6 percent. The price of Chinese copper bar fell 0.4 percent, as did the Chinese copper cash price. The price of Chinese bright copper scrap remained essentially flat above $7,400 per metric ton.
After dropping for two days on the LME, the 3-month price of copper flattened at $7,444. The primary copper cash price flattened at $7,426 per metric ton after two days of downward movement on the LME.