0.7% Shift for Chinese Copper Bar

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On March 15, 2013, the day’s biggest mover was Chinese copper bar, which saw a 0.7 percent increase to CNY 57,850 ($9,308) per metric ton. The Chinese copper cash price gained 0.7 percent to finish at CNY 58,050 ($9,340) per metric ton. Chinese copper wire prices rose 0.4 percent to CNY 56,800 ($9,139) per metric ton. The price of Chinese bright copper scrap remained essentially flat at CNY 46,850 ($7,538) per metric ton.

The price of US copper producer grade 122 increased 0.5 percent to $4.16 per pound. The price of US copper producer grade 110 rose 0.5 percent to $4.16 per pound. The price of US copper producer grade 102 rose 0.5 percent to $4.35 per pound. The Japanese copper cash price was unchanged at JPY 640,000 ($6,668) per metric ton.

On the LME, the copper 3-month price fell 0.2 percent to $7,790 per metric ton. The primary copper cash price weakened by 0.2 percent on the LME, settling at $7,762 per metric ton.