Cash Price of Primary Copper Drifts Downwards on the Day

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Dropping 0.6 percent on the LME, the copper cash price was the biggest mover on Sept. 3, 2012, closing at $7,576 per metric ton. The copper 3-month price saw a 0.3 percent decline on the LME to $7,590 per metric ton.

After dropping for two days, the prices of US copper producer grades 102, 110 and 122 flattened. The cash price of primary Japanese copper was unchanged between $8,150 and $8,200 per metric ton.

Chinese copper closed mixed last Friday.

Chinese copper bar and copper cash price inched up 0.5 percent. The price of Chinese bright copper scrap moved last Friday, dropping 0.4 percent. Meanwhile, Chinese copper wire gained 0.3 percent.

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