US Copper Producer Grade 122 Price Down

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US copper producer grade 110 price experienced the biggest price decline of the day, dropping 0.7 percent to close at $4.23 per pound on Jan. 17, 2013. The price of US copper producer grade 122 fell 0.7 percent to $4.23 per pound. The price of US copper producer grade 102 weakened by 0.7 percent, settling at $4.42 per pound. The cash price of primary Japanese copper saw essentially no change for the fifth day in a row, remaining around JPY 640,000 ($7,220) per metric ton.

Chinese copper prices were mixed for the day. The price of Chinese copper wire fell 0.4 percent to CNY 57,315 ($9,214) per metric ton. Chinese copper bar finished the day down 0.3 percent to CNY 58,150 ($9,348) per metric ton. The cash price of Chinese copper declined 0.3 percent to CNY 58,350 ($9,380) per metric ton. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat at CNY 48,800 ($7,845) per metric ton.

On the LME, the 3-month price of copper fell 0.4 percent to $7,910 per metric ton. The cash price of primary copper saw a 0.4 percent decline on the LME to $7,939 per metric ton.

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