Chinese Bright Copper Scrap Price Down 2.5% on Daily Index

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The day’s biggest mover on our copper price index was Chinese bright copper scrap, dropping 2.5 percent on Sept. 6, 2012.

Chinese copper bar finished the day with a 0.5 percent increase. The cash price of Chinese copper rose 0.5 percent as well. For the seventh day in a row, the price of Chinese copper wire increased.

The price of US copper producer grade 122 finished the market day up 1.7 percent per pound, as did the price for grade 110. The price of US copper producer grade 102 finished the day with a 1.6 percent increase.

The cash price of primary Japanese copper continues hovering below $8,200 per metric ton for the fifth day in a row.

The primary copper cash price saw a 0.4 percent decline on the LME to $7,606 per metric ton. The 3-month price of copper weakened by 0.4 percent on the LME, settling at $7,615 per metric ton.

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