Prices of US Copper Producer Grades Weaken After Short Climb
On Feb. 1, 2013, the day’s biggest mover were the US copper producer grade 102, 110 and 122 prices, which all saw a 0.2 percent decline.
The Japanese copper cash price saw little movement.
Chinese copper closed mixed last Friday. Chinese bright copper scrap saw its price rise 0.2 percent. After a couple of days of improving prices, the price of Chinese copper bar held steady. The cash price of Chinese copper flattened after two days of improvement. Following a two-day rise, the price of Chinese copper wire flattened also.
On the LME, the 3-month price of copper saw little movement last Friday at $8,168 per metric ton. Also on the LME, the cash price of primary copper showed little movement last Friday, hovering around $8,215 per metric ton.