Chinese Bright Copper Scrap Price Moves Up 2.6%

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Chinese bright copper scrap prices moved up 2.6 percent on Sept. 14, 2012, the day’s biggest change on our copper price index.

Chinese copper bar prices rose 2.3 percent, and the Chinese copper cash price also inched up 2.3 percent. Chinese copper wire saw its price rise 2.2 percent on Friday.

US copper producer prices held steady, while the cash price of primary Japanese copper remained above $8,200 per metric ton.

Weakening prices on the LME followed two days of improvement as the primary LME copper cash price dropped 0.7 percent to $8,055 per metric ton. Also following a couple days of improvement, the 3-month LME price of copper weakened by 0.3 percent. Prices closed at $8,075 per metric ton.

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