3-Month Price of Copper Improves 0.6%

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The copper 3-month price saw the biggest upwards shift for the day, rising 0.6 percent on the LME to close at $8,260 per metric ton on Feb. 14, 2013. After falling for two days, the primary copper cash price rose 0.4 percent on the LME to $8,221 per metric ton.

The price of US copper producer grade 122 showed little movement on Thursday, hovering around $4.37 per pound. The Japanese copper cash price saw essentially no change for the fifth day in a row, remaining around JPY 640,000 ($6,862) per metric ton. The price of US copper producer grade 102 remained essentially flat at $4.56 per pound. The price of US copper producer grade 110 remained essentially flat at $4.37 per pound.

Chinese copper prices were flat for the day. The price of Chinese copper bar saw little movement at CNY 59,600 ($9,561) per metric ton. The cash price of Chinese copper remained essentially flat at CNY 59,800 ($9,593) per metric ton. The price of Chinese copper wire held steady at CNY 58,950 ($9,457) per metric ton. The price of Chinese bright copper scrap was unchanged at CNY 48,760 ($7,822) per metric ton.