Base Metals Roundup: LME Price of Copper Lower, Aluminum Drops

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Current Copper Price

With a decline of 2.9 percent on the LME to $7,555 per metric ton on March 19, 2013, the copper cash price recorded the biggest decline of the day. Also on the LME, the 3-month price of copper fell 2.8 percent to $7,590 per metric ton.

The price of US copper producer grade 122 declined 2.2 percent. The price of US copper producer grade 110 fell 2.2 percent. The price of US copper producer grade 102 saw a 2.1 percent decline. The Japanese copper cash price was unchanged.

Chinese copper closed mixed on Tuesday. Chinese copper bar fell 0.2 percent yesterday. The cash price of Chinese copper declined 0.2 percent. Chinese copper wire finished the day down 0.1 percent. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat.

Current Aluminum Price

The day’s biggest mover was the cash price of primary aluminum which dropped by 2.5 percent on March 19, 2013 to close at $1,895 per metric ton on the LME. The aluminum 3-month price saw a 2.3 percent decline on the LME to $1,938 per metric ton. Following a two-day drop, the cash price of primary Indian aluminum increased by 0.3 percent.

today's metal prices - MetalMiner IndXChinese aluminum prices were flat for the day. The price of Chinese aluminum scrap saw little movement. Chinese aluminum billet stayed flat. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The Chinese aluminum cash price saw little movement yesterday.