On Sept. 12, 2012, Chinese copper wire rose 0.6 percent to finish as the day’s biggest mover on our copper price index. Chinese copper bar prices inched up 0.6 percent as well, as did the cash price of Chinese copper.
Chinese bright copper scrap held its value on Wednesday, holding south of $7,700 per metric ton.
The price of US copper producer grade 122 flattened after two days of improvement. Following a two-day rise, the prices of grades 102 and 110 also kept steady. The cash price of primary Japanese copper remained essentially flat, but held above $8,200 per metric ton.
On the LME, the copper 3-month price inched up 0.6 percent to $8,079 per metric ton. Also on the LME, the cash price of primary copper increased 0.4 percent to $8,080 per metric ton.