Chinese Copper Wire Improves

On Jan. 10, 2013, the day’s biggest mover was the price of Chinese copper wire, which saw a 0.2 percent increase to CNY 57,700 ($9,267) per metric ton. This increase comes after two straight days of stagnant prices. After a 0.2 percent increase, Chinese copper bar finished the day at CNY 58,540 ($9,402) per metric ton. The cash price of Chinese copper increased 0.2 percent to CNY 58,740 ($9,434) per metric ton. Chinese bright copper scrap saw little change in its price yesterday at CNY 48,800 ($7,838) per metric ton.

The price of US copper producer grade 122 flattened at $4.29 following two-days of declines. For the fifth day in a row, the Japanese copper cash price remained essentially flat at JPY 640,000 ($7,261) per metric ton. After dropping for two days, the price of US copper producer grade 102 flattened at $4.48. The price of US copper producer grade 110 flattened at $4.29 per pound after two days of downward movement.

On the LME, the 3-month price of copper showed little movement on Thursday, hovering around $8,058 per metric ton. Also on the LME, the cash price of primary copper saw little movement yesterday at $8,090 per metric ton.

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