Copper 3-Month Price Sees Small Decrease
On Jan. 8, 2013, the copper 3-month price fell by 0.4 percent on the LME, landing at $7,995 per metric ton and making it the day’s biggest mover. The primary copper cash price saw a 0.3 percent decline on the LME to $8,032 per metric ton.
The price of US copper producer grade 122 weakened by 0.2 percent, settling at $4.30 per pound. The price of US copper producer grade 110 saw a 0.2 percent decline to $4.30 per pound. The price of US copper producer grade 102 declined 0.2 percent to $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 ($7,334) per metric ton.
Chinese copper prices closed flat for the day. The price of Chinese copper bar held steady at CNY 58,480 ($9,386) per metric ton. The cash price of Chinese copper remained essentially flat at CNY 58,680 ($9,418) per metric ton. After a couple of days of improving prices, the price of Chinese copper wire held steady at CNY 57,545 ($9,236). Chinese bright copper scrap held its value on Tuesday at CNY 48,100 ($7,720) per metric ton.
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