On Jan. 25, 2013, the day’s biggest mover was the 3-month price of copper, which saw a 1.0 percent decline on the LME to $8,036 per metric ton. The cash price of primary copper changed direction with a 0.9 percent drop. After two days of improving prices, the metal finished at $8,075 per metric ton on the LME.
The price of US copper producer grade 122 fell 0.2 percent to $4.30 per pound. The price of US copper producer grade 110 weakened by 0.2 percent, settling at $4.30 per pound. The price of US copper producer grade 102 saw a 0.2 percent decline to $4.49 per pound. The Japanese copper cash price held steady at JPY 640,000 ($7,066) per metric ton.
Chinese copper closed mixed last Friday. Chinese copper bar finished the day up 0.4 percent to CNY 59,020 ($9,488) per metric ton. The cash price of Chinese copper rose 0.4 percent to CNY 59,220 ($9,520) per metric ton. The price of Chinese copper wire increased 0.3 percent to CNY 58,100 ($9,340) per metric ton. The price of Chinese bright copper scrap remained essentially flat at CNY 48,800 ($7,845) per metric ton.