Price Of US Copper Producer Grade 122 Changes Direction

On Aug. 21, 2012, the day’s biggest movers were the US copper producer grade 102, 110 and 122 prices, which saw a 1.2 percent decline after improving for two days.

For the fifth day in a row, the Japanese copper cash price remained essentially flat below $8,100 per metric ton.

Chinese copper closed mixed on Tuesday. For the seventh day in a row, the price of Chinese copper wire rose and is currently at above $8,700 per metric ton. The price of Chinese copper bar ended a two-day climb, settling below $8,900 per metric ton.

The Chinese copper cash price steadied at below $8,900 per metric ton as well, following two days of increases. Chinese bright copper scrap stayed flat north of $7,300 per metric ton.

The primary copper cash price saw a one percent decline on the LME to $7,431 per metric ton. The 3-month price of copper weakened by 0.7 percent on the LME, settling at $7,440 per metric ton.