China Copper Wire Price Moves Down, LME Copper Drops Too

With a decline of 1.3 percent on Oct. 15, 2012, Chinese copper wire recorded the biggest price drift on MetalMiner’s daily copper price index.

Chinese copper bar finished the day down 1.2 percent, and the cash price of Chinese copper also saw a 1.2 percent decline. The price of Chinese bright copper scrap dropped 0.4 percent on Monday.

The prices of US copper producer grades 102, 110 and 122 weakened by 0.9 percent. The Japanese copper cash price was unchanged.

On the LME, the 3-month price of copper fell 0.5 percent to $8,175 per metric ton. The cash price of primary copper saw a 0.4 percent decline on the LME to $8,178 per metric ton.

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