The cash price of primary copper saw a 0.7 percent drop on the LME on Jan. 14, 2013, landing at $8,089 per metric ton and making it the biggest mover of the day. The 3-month price of copper weakened by 0.6 percent on the LME, settling at $8,070 per metric ton.
The price of US copper producer grade 122 showed little movement on Monday at $4.33 per pound. The Japanese copper cash price held steady at JPY 640,000 ($7,148) per metric ton. The price of US copper producer grade 102 held steady yesterday, remaining around $4.52 per pound. The price of US copper producer grade 110 held steady around $4.33 per pound.
Chinese copper closed mixed yesterday. Weakening prices followed two days of improvement as the price of Chinese copper bar dropped 0.4 percent to CNY 58,600 ($9,425) per metric ton. The cash price of Chinese copper changed direction with a 0.4 percent drop. After two days of improving prices, the metal finished at CNY 58,800 ($9,458) per metric ton. Following two days of rising prices, the price of Chinese copper wire dropped 0.3 percent to CNY 57,710 ($9,282) per metric ton. The price of Chinese bright copper scrap showed little movement on Monday at CNY 48,800 ($7,849) per metric ton.