Copper Cash Price Improves 1.7% on Daily Copper Price Index

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On Aug. 20, 2012, the day’s biggest mover was the cash price of primary copper, which saw a 1.7 percent increase on the LME to $7,507 per metric ton. Also on the LME, the 3-month price of copper rose 1.4 percent to $7,495 per metric ton.

The prices of US copper producer grades 102, 110 and 122 gained one percent yesterday. For the fifth consecutive day, the cash price of primary Japanese copper held flat below $8,050 per metric ton.

Chinese copper prices were mixed for the day. Chinese copper bar gained 0.2 percent, and the Chinese copper cash price rose 0.2 percent as well. The price of Chinese copper wire flattened above $8,700 after two days of improvement. Chinese bright copper scrap held its value yesterday below $7,350 per metric ton.

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