US Copper Producer Grade 122 Price Shifts Up 0.7%

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On Jan. 23, 2013, the day’s biggest mover was the price of US copper producer grade 110, which saw a 0.7 percent increase to $4.33 per pound. The price of US copper producer grade 122 inched up 0.7 percent to $4.33 per pound. The price of US copper producer grade 102 increased 0.7 percent to $4.52 per pound. The cash price of primary Japanese copper continues hovering around JPY 640,000 ($7,228) per metric ton for the fifth day in a row.

Chinese copper closed mixed yesterday. Chinese copper wire finished the day up 0.1 percent to CNY 57,980 ($9,316) per metric ton. Following a two-day rise, the price of Chinese copper bar flattened at CNY 58,850 ($9,455). After a couple of days of improving prices, the cash price of Chinese copper held steady at CNY 59,050 ($9,488). The price of Chinese bright copper scrap was unchanged at CNY 48,800 ($7,841) per metric ton.

At $8,100, the primary copper cash price finished the market day on the LME up 0.6 percent per metric ton. Also on the LME, the 3-month price of copper rose 0.6 percent to $8,067 per metric ton.

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