The day’s biggest mover was the price of US copper producer grade 102 which dropped by 1.4 percent on Feb. 12, 2013 to close at $4.54 per pound. The price of US copper producer grade 110 declined 0.9 percent to $4.35 per pound. The price of US copper producer grade 122 weakened by 0.9 percent, settling at $4.35 per pound. The Japanese copper cash price held steady at JPY 640,000 ($6,794) per metric ton.
Chinese copper prices closed flat for the day. At CNY 59,600 ($9,561) per metric ton, the price of Chinese copper bar was essentially unchanged. The cash price of Chinese copper saw little movement yesterday, closing out around CNY 59,800 ($9,593) per metric ton. The price of Chinese copper wire was unchanged at CNY 58,950 ($9,457) per metric ton. The price of Chinese bright copper scrap saw essentially no change for the fifth day in a row, remaining around CNY 48,760 ($7,822) per metric ton.
On the LME, the 3-month price of copper gained 0.5 percent to finish at $8,257 per metric ton. Also on the LME, the primary copper cash price fell 0.3 percent to $8,216 per metric ton.