3-Month Price of Copper Down

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The 3-month price of copper saw the biggest decline of the day, dropping 1.5 percent on the LME to close at $8,111 per metric ton on Feb. 19, 2013. Also on the LME, the cash price of primary copper fell 1.5 percent to $8,075 per metric ton.

The price of US copper producer grade 122 gained 0.2 percent to finish at $4.37 per pound. After a 0.2 percent increase, the price of US copper producer grade 110 finished the day at $4.37 per pound. The price of US copper producer grade 102 inched up 0.2 percent to $4.56 per pound. The Japanese copper cash price continues hovering around JPY 640,000 ($6,836) per metric ton for the fifth day in a row.

Chinese copper closed mixed on Tuesday. The price of Chinese copper bar moved on Tuesday. After a few changeless days, prices dropped 0.5 percent to CNY 59,270 ($9,493) per metric ton. After remaining flat for three days, the cash price of Chinese copper fell 0.5 percent yesterday to CNY 59,470 ($9,525) per metric ton. Chinese copper wire finished the day down 0.3 percent to CNY 58,350 ($9,346) per metric ton. The price of Chinese bright copper scrap saw little movement at CNY 48,760 ($7,810) per metric ton.