US Copper Producer Prices Drift Downward Slightly

On Sept. 19, 2012, the day’s biggest mover on our copper price index was US copper producer grade 110 price, which saw a 1.1 percent decline.

The price of US copper producer grade 122 also fell 1.1 percent, as did the price of US copper producer grade 102. The cash price of primary Japanese copper saw essentially no change for the fifth day in a row, remaining above $8,100 per metric ton.

However, Chinese copper closed mixed on Wednesday.

Chinese copper wire gained 0.1 percent. The rest of the China complex, though, didn’t move.

Chinese copper bar saw little change in its price yesterday, the cash price of Chinese copper remained essentially flat, and the price of Chinese bright copper scrap held steady.

On the LME, the cash price of primary copper declined 0.8 percent to $8,223 per metric ton. Also on the LME, the copper 3-month price fell 0.7 percent to $8,249 per metric ton.

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