US Copper Producer Grade 122 Price Sees Small Price Drop

With a decline of 0.7 percent to $4.27 per pound on Jan. 28, 2013, the price of US copper producer grade 110 recorded the biggest decline of the day. The price of US copper producer grade 122 declined 0.7 percent to $4.27 per pound. The price of US copper producer grade 102 fell 0.7 percent to $4.46 per pound. For the fifth consecutive day, the Japanese copper cash price held flat at JPY 640,000 ($7,018) per metric ton.

Chinese copper prices were mixed for the day. At CNY 58,820 ($9,456) per metric ton, Chinese copper bar fell 0.3 percent on Monday. The Chinese copper cash price weakened by 0.3 percent, settling at CNY 59,020 ($9,488) per metric ton. Chinese copper wire closed 0.3 percent lower at CNY 57,925 ($9,312) 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 ($7,845) per metric ton.

After a 0.3 percent increase, the copper 3-month price finished the day on the LME at $8,060 per metric ton. Also on the LME, the cash price of primary copper rose 0.2 percent to $8,090 per metric ton.