US Copper Producer Grade 122 Price Improves 0.7%

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The price of US copper producer grade 110 saw the biggest upwards shift for the day, rising 0.7 percent to close at $4.14 per pound on March 8, 2013. After a 0.7 percent increase, the price of US copper producer grade 122 finished the day at $4.14 per pound. The price of US copper producer grade 102 rose 0.7 percent to $4.33 per pound. The cash price of primary Japanese copper saw essentially no change for the fifth day in a row, remaining around JPY 640,000 ($6,742) per metric ton.

Chinese copper closed mixed last Friday. Chinese copper wire finished the day up 0.6 percent to CNY 56,580 ($9,093) per metric ton. Chinese copper bar saw its price rise 0.5 percent to CNY 57,480 ($9,237) per metric ton. The Chinese copper cash price rose 0.5 percent to CNY 57,680 ($9,269) per metric ton. At CNY 46,730 ($7,510) per metric ton, the price of Chinese bright copper scrap was essentially unchanged.

On the LME, the cash price of primary copper fell 0.4 percent to $7,670 per metric ton. The 3-month price of copper weakened by 0.3 percent on the LME, settling at $7,710 per metric ton.