Copper Markets Quiet, But China Wire, US Producer Prices Drop Slightly

The price of US copper producer grades 102, 110 and 122 experienced the biggest copper price index declines on a day of little to no movement, dropping 0.2 percent on Aug. 30, 2012.

For the fifth consecutive day, the cash price of primary Japanese copper held flat, above $8,100 per metric ton.

Chinese copper prices were mostly down for the day, but Chinese copper wire prices rose 0.1 percent.

The price of Chinese copper bar showed little movement, the Chinese copper cash price held up, and Chinese bright copper scrap stayed flat.

After a couple of days of decreasing prices on the LME, the copper 3-month price held steady at $7,606. Also on the LME, the cash price of primary copper held steady around $7,615 per metric ton.

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