US Copper Producer Grade 122 Price Sees Small Decrease

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The price of US copper producer grade 110 experienced the biggest price decline of the day, dropping 1.8 percent to close at $4.25 per pound on Jan. 15, 2013. The price of US copper producer grade 122 fell 1.8 percent to $4.25 per pound. The price of US copper producer grade 102 weakened by 1.8 percent, settling at $4.44 per pound. The cash price of primary Japanese copper was unchanged at JPY 640,000 ($7,152) per metric ton.

Chinese copper closed mixed on Tuesday. At CNY 58,430 ($9,389) per metric ton, Chinese copper bar fell 0.3 percent on Tuesday. The cash price of Chinese copper declined 0.3 percent to CNY 58,630 ($9,421) per metric ton. Chinese copper wire ended the day at CNY 57,560 ($9,249) per metric ton, after the 0.3 percent drop yesterday. The price of Chinese bright copper scrap held steady at CNY 48,800 ($7,842) per metric ton.

The copper 3-month price saw a 0.5 percent decline on the LME to $8,030 per metric ton. The cash price of primary copper weakened by 0.2 percent on the LME, settling at $8,069 per metric ton.

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