With a 2.1 percent increase over the past day, the cash price of primary copper was the biggest mover on the LME, closing at $8,214 per metric ton on Jan. 31, 2013. Also on the LME, the 3-month price of copper gained 2.1 percent to finish at $8,175 per metric ton.
After a 1.4 percent increase, the price of US copper producer grade 122 finished the day up. The price of US copper producer grade 110 inched up 1.4 percent as well. The price of US copper producer grade 102 increased 1.3 percent.
The Japanese copper cash price saw essentially no change for the fifth day in a row.
Chinese copper closed mixed yesterday. The price of Chinese copper wire increased 0.3 percent. Chinese copper bar finished the day up 0.3 percent as well. The Chinese copper cash price also rose 0.3 percent. Chinese bright copper scrap held its value yesterday.