On Aug. 22, 2012, the day’s biggest mover on the daily copper price index were the prices of US copper producer grades 110 and 122, which saw a two percent increase. The price of US copper producer grade 102 increased 1.9 percent to $4.28 per pound.
For the fifth day in a row, the cash price of primary Japanese copper remained essentially flat below $8,100 per metric ton.
Prices for Chinese copper were up for the day. The price of Chinese copper bar finished the market day up 0.8 percent per metric ton. The cash price of Chinese copper rose 0.8 percent.
For the eighth day in a row, the price of Chinese copper wire rose and is currently below $8,800 per metric ton. The price of Chinese bright copper scrap improved by 0.2 percent on Wednesday.
After a 1.3 percent increase, the cash price of primary copper finished the day on the LME at $7,524 per metric ton. Also on the LME, the 3-month price of copper inched up one percent to $7,509.5 per metric ton.
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