Cash Price of Primary Copper Up Again on the Day

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The biggest change on the daily copper price index came when the cash price of primary copper bounced out of a two-day slump with a 1 percent improvement on the LME to close at $7,680 per metric ton.

Following a 0.7 percent rise last Friday, the 3-month price of copper closed on the LME at $7,670 per metric ton.

The prices of US copper producer grades 102, 110 and 122 closed with a 0.2 percent decrease before the weekend. For the fifth day in a row, the cash price of primary Japanese copper remained essentially flat below $8,200 per metric ton.

Chinese copper closed mixed last Friday.

The price of Chinese copper wire has been on the rise for eight days and is now in the mid-$8,900 per metric ton. Chinese copper bar finished the day with a 0.3 percent increase. The Chinese copper cash price increased 0.3 percent as well, while the price of Chinese bright copper scrap held steady below $7,500 per metric ton.

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