Copper Cash Price Sees Small Price Drop

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 The cash price of primary copper saw the biggest decline of the day, dropping 1.2 percent on the LME to close at $8,000 per metric ton on Dec. 14, 2012. Also on the LME, the 3-month price of copper fell 1.2 percent to $8,030 per metric ton.

The price of US copper producer grade 122 weakened by 1.2 percent, settling at $4.28 per pound. The price of US copper producer grade 110 declined 1.2 percent to $4.28 per pound. The price of US copper producer grade 102 saw a 1.1 percent decline to $4.47 per pound. The cash price of primary Japanese copper continues hovering around JPY 640,000 ($7,649) per metric ton for the fifth day in a row.

Chinese copper prices were mixed for the day. The price of Chinese copper bar rose 0.2 percent to CNY 58,160 ($9,309) per metric ton after a two-day drop. Following a 0.2 percent rise last Friday, the Chinese copper cash price closed at CNY 58,360 ($9,341) per metric ton. The price of Chinese copper wire is back up, rising by 0.2 percent last Friday to close at CNY 57,315 ($9,174) per metric ton. The price of Chinese bright copper scrap saw little movement at CNY 48,400 ($7,747) per metric ton.

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