The price of US copper producer grade 110 saw a 1.2 percent increase on Jan. 18, 2013, reaching $4.28 per pound and making it the biggest mover for the day. The price of US copper producer grade 122 rose 1.2 percent to $4.28 per pound. At $4.47, the price of US copper producer grade 102 finished the market day up 1.1 percent per pound. For the fifth consecutive day, the Japanese copper cash price held flat at JPY 640,000 ($7,124) per metric ton.
Chinese copper closed mixed last Friday. After a 0.7 percent increase, Chinese copper wire finished the day at CNY 57,700 ($9,278) per metric ton. The price of Chinese copper bar rose 0.6 percent to CNY 58,520 ($9,409) per metric ton after a two-day drop. After falling for two days, the Chinese copper cash price rose 0.6 percent to CNY 58,720 ($9,442) per metric ton. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row, remaining around CNY 48,800 ($7,847) per metric ton.
Following a 0.3 percent rise last Friday, the primary copper cash price closed on the LME at $7,960 per metric ton. The copper 3-month price is back up, rising by 0.2 percent on the LME last Friday to close at $7,925 per metric ton.