Copper Cash Price Shifts Up 0.6%

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On Dec. 17, 2012, the day’s biggest mover was the cash price of primary copper, which saw a 0.6 percent increase on the LME to $8,047 per metric ton. Also on the LME, the 3-month price of copper increased 0.4 percent to $8,065 per metric ton.

The price of US copper producer grade 122 rose 0.5 percent to $4.30 per pound. After a 0.5 percent increase, the price of US copper producer grade 110 finished the day at $4.30 per pound. The price of US copper producer grade 102 gained 0.4 percent to finish at $4.49 per pound. For the fifth day in a row, the cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($7,604) per metric ton.

Chinese copper prices were mixed for the day. Chinese copper wire gained 0.3 percent to finish at CNY 57,470 ($9,202) per metric ton. Chinese copper bar prices rose 0.2 percent to CNY 58,300 ($9,335) per metric ton. The cash price of Chinese copper inched up 0.2 percent to CNY 58,500 ($9,367) per metric ton. The price of Chinese bright copper scrap was unchanged at CNY 48,400 ($7,750) per metric ton.

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