With a decline of 1.7 percent on Nov. 5, 2012, the prices of US copper producer grades 122 and 110 recorded the biggest decline of the day on MetalMiner’s copper price index.
For the fifth consecutive day, the cash price of primary Japanese copper held flat.
Chinese copper prices closed mixed on Monday. The price of Chinese copper wire, following a couple days of improvement, fell by 1.5 percent. After improving for two days, the price of Chinese copper bar declined 1.5 percent.
The cash price of Chinese copper changed direction with a 1.5 percent drop after two days of improving prices. Chinese bright copper scrap stayed flat.
On the LME, the cash price of primary copper declined 0.6 percent to $7,765 per metric ton. Also on the LME, the copper 3-month price fell 0.4 percent to $7,780 per metric ton.