Cash Price of Primary Copper Lower

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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 to $4.05 per pound. The price of US copper producer grade 110 fell 2.2 percent to $4.05 per pound. The price of US copper producer grade 102 saw a 2.1 percent decline to $4.24 per pound. The Japanese copper cash price was unchanged at JPY 640,000 ($6,712) per metric ton.

Chinese copper closed mixed on Tuesday. At CNY 56,400 ($9,076) per metric ton, Chinese copper bar fell 0.2 percent yesterday. The cash price of Chinese copper declined 0.2 percent to CNY 56,600 ($9,108) per metric ton. Chinese copper wire finished the day down 0.1 percent to CNY 55,530 ($8,936) per metric ton. For the fifth day in a row, the price of Chinese bright copper scrap remained essentially flat at CNY 46,850 ($7,539) per metric ton.