Weakening prices ended a three-day flat streak as the price of Chinese bright copper scrap fell 3.3 percent on Nov. 26, 2012, on MetalMiner’s daily metal price index.
The price of Chinese copper wire closed following a 0.5 percent rise on Monday. Following a two-day drop, the price of Chinese copper bar increased by 0.5 percent as well. After falling for two days, the cash price of Chinese copper also rose 0.5 percent.
The price of US copper producer grade 122 dropped by 0.5 percent. The price of US copper producer grade 110 halted its two-day flat run with a 0.5 percent decline. After two changeless days, the price of US copper producer grade 102 fell 0.5 percent as well. For the fifth day in a row, the Japanese copper cash price remained essentially flat.
Daily Aluminum Price Movements
The cash price of primary Indian aluminum moved up 2.2 percent on Nov. 26, 2012, making it the day’s biggest mover on MetalMiner’s aluminum price index.
The primary aluminum cash price rose 0.7 percent on the LME to $1,928 per metric ton after a two-day drop. Also following a two-day drop, the aluminum 3-month price increased by 0.7 percent on the LME to $1,948 per metric ton.