Chinese Bright Copper Scrap Prices Fall 2% on Daily Copper Index

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Chinese bright copper scrap had the largest decline on Aug. 17, 2012, dropping two percent.

Chinese copper wire finished the day with a 0.4 percent increase. Chinese copper bar finished the day up 0.2 percent, as did the Chinese copper cash price.

The prices of US copper producer grades 110 and 122 moved up 0.8 percent, while US copper producer grade 102 prices nudged up 0.7 percent last Friday.

For the fifth consecutive day, the cash price of primary Japanese copper held flat, just below $8,050 per metric ton.

The 3-month price of copper steadied at $7,395 per metric ton following two-days of dropping prices on the LME. The primary copper cash price held steady last Friday on the LME, remaining around $7,385 per metric ton.

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