LME Copper Cash Price Weakens After Climb

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On Aug. 27, 2012, the day’s biggest mover on MetalMiner’s copper price index was the cash price of primary copper, which saw a 0.9 percent decline on the LME to $7,600 per metric ton. Following a couple days of improvement, the 3-month price of copper weakened by 0.8 percent on the LME. Prices closed at $7,616 per metric ton.

The price of US copper producer grades 102, 110 and 122 weakened by 0.2 percent. The cash price of primary Japanese copper continues hovering above $8,100 per metric ton for the fifth day in a row.

Chinese copper prices closed flat for the day.

Chinese copper bar held its value on Monday just below $9,000 per metric ton. The Chinese copper cash price saw little change in its price on Monday, on the other side of $9,000 per metric ton.

The price of Chinese copper wire remained essentially flat above $8,800 per metric ton. The price of Chinese bright copper scrap showed little movement on Monday, remaining south of $7,400 per metric ton.

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