Cash Price of Primary Copper Drifts Downwards

by on
Members Only, Metal Prices, Premium

Dropping 2.7 percent on the LME, the copper cash price was the biggest mover on March 4, 2013, closing at $7,620 per metric ton. The 3-month price of copper saw a 2.5 percent decline on the LME to $7,664 per metric ton.

The price of US copper producer grade 122 fell 1.0 percent to $4.12 per pound. The price of US copper producer grade 110 weakened by 1.0 percent, settling at $4.12 per pound. The price of US copper producer grade 102 saw a 0.9 percent decline to $4.31 per pound. The cash price of primary Japanese copper saw little movement at JPY 640,000 ($6,840) per metric ton.

Chinese copper closed mixed yesterday. Chinese copper bar finished the day down 0.7 percent to CNY 57,150 ($9,187) per metric ton. The Chinese copper cash price declined 0.7 percent to CNY 57,350 ($9,219) per metric ton. At CNY 56,240 ($9,040) per metric ton, Chinese copper wire fell 0.7 percent yesterday. The price of Chinese bright copper scrap continues hovering around CNY 47,430 ($7,624) per metric ton for the fifth day in a row.