Copper 3-Month Price Sees Small Price Drop

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On Feb. 15, 2013, the day’s biggest mover was the 3-month price of copper, which saw a 0.3 percent decline on the LME to $8,234 per metric ton. Also on the LME, the cash price of primary copper declined 0.3 percent to $8,197 per metric ton.

The price of US copper producer grade 122 saw a 0.2 percent decline to $4.36 per pound. The price of US copper producer grade 110 declined 0.2 percent to $4.36 per pound. The price of US copper producer grade 102 fell 0.2 percent to $4.55 per pound. The Japanese copper cash price held steady at JPY 640,000 ($6,884) per metric ton.

Chinese copper prices were flat for the day. For the fifth consecutive day, the price of Chinese copper bar held flat at CNY 59,600 ($9,561) per metric ton. The cash price of Chinese copper was unchanged at CNY 59,800 ($9,593) per metric ton. The price of Chinese copper wire saw essentially no change for the fifth day in a row, remaining around CNY 58,950 ($9,457) per metric ton. The price of Chinese bright copper scrap continues hovering around CNY 48,760 ($7,822) per metric ton for the fifth day in a row.