Chinese Copper Wire Price Improves
On Jan. 10, 2013, the day’s biggest mover was the price of Chinese copper wire, which saw a 0.2 percent increase. This increase comes after two straight days of stagnant prices.
After a 0.2 percent increase, Chinese copper bar finished the day up. The cash price of Chinese copper increased 0.2 percent. Chinese bright copper scrap saw little change in its price yesterday.
Meanwhile, US copper producer prices for grades 102, 110 and 122 flattened following two days of declines.
For the fifth day in a row, the Japanese copper cash price remained essentially flat.
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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