Copper Cash Price Up After Two-Day Decline

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The biggest change came when the copper cash price shot out of a two-day slump with a 1.3 percent improvement on the LME to close at $7,635 per metric ton. After falling for two days, the 3-month price of copper rose 1.2 percent on the LME to $7,626 per metric ton.

The price of US copper producer grade 122 rose 0.7 percent to $4.11 per pound. After a 0.7 percent increase, the price of US copper producer grade 110 finished the day at $4.11 per pound. The price of US copper producer grade 102 rose 0.7 percent to $4.30 per pound. For the fifth consecutive day, the Japanese copper cash price held flat at JPY 640,000 ($8,054) per metric ton.

Chinese copper closed mixed on Tuesday. Chinese copper wire saw its price rise 0.4 percent to CNY 55,540 ($8,908) per metric ton. Chinese copper bar gained 0.2 percent to finish at CNY 56,450 ($9,054) per metric ton. At CNY 56,650 ($9,086), the Chinese copper cash price finished the market day up 0.2 percent per metric ton. The price of Chinese bright copper scrap remained steady at CNY 49,200 ($7,891) per metric ton.

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