Base Metals Update: China Copper Bar Price Down, LME Prices Up

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Current Copper Prices

On March 18, 2013, Chinese copper bar fell by 2.3 percent, making it the day’s biggest mover.

today's metal prices - MetalMiner IndXThe cash price of Chinese copper declined 2.3 percent as well. The price of Chinese copper wire fell 2.1 percent. The price of Chinese bright copper scrap continues hovering in the same spot for the fifth day in a row.

The prices of US copper producer grades fell 0.5 percent. The cash price of primary Japanese copper held steady.

On the LME, the copper 3-month price increased 0.3 percent to $7,811 per metric ton. Also on the LME, the primary copper cash price inched up 0.3 percent to $7,781 per metric ton.

Current Aluminum Prices

On March 18, 2013, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 2.2 percent decline.

On the LME, the 3-month price of aluminum rose 0.3 percent to $1,984 per metric ton. After a 0.3 percent increase, the cash price of primary aluminum finished the day on the LME at $1,943 per metric ton.

current aluminum prices - MetalMiner IndXChinese aluminum closed mixed on Monday. After holding steady for the past few days, the price of Chinese aluminum billet fell 0.3 percent. Following a quiet couple of days, the cash price of Chinese aluminum fell 0.3 percent yesterday too. For the fifth consecutive day, the price of Chinese aluminum scrap held flat. The price of Chinese aluminum bar remained essentially flat.