Base Metals Roundup: Small Drift for 3-Month Price of Copper

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Current Copper Prices

The copper 3-month price saw the biggest decline of the day, dropping 0.7 percent on the LME to close at $7,537 per metric ton on March 20, 2013. Also on the LME, the cash price of primary copper rose 0.2 percent to $7,568 per metric ton.

today's metal prices - MetalMiner IndXThe price of US copper producer grade 122 saw a 0.5 percent decline. The price of US copper producer grade 110 weakened by 0.5 percent. The price of US copper producer grade 102 declined 0.5 percent. The cash price of primary Japanese copper remained essentially flat.

Chinese copper closed mixed on Wednesday. The price of Chinese copper bar rose 0.2 percent after a two-day drop. Following a 0.2 percent rise yesterday, the cash price of Chinese copper closed higher. After a couple of days of decreasing prices, the price of Chinese copper wire held steady. For the fifth consecutive day, the price of Chinese bright copper scrap held flat.

Current Aluminum Prices

With a 0.4 percent increase over the past day, the 3-month price of aluminum was the biggest mover on the LME, closing at $1,946 per metric ton on March 20, 2013. On the LME, the primary aluminum cash price inched up 0.4 percent to $1,902 per metric ton.

current aluminum prices - MetalMiner IndXThe Indian aluminum cash price finished the market day up 0.3 percent per kilogram.

Chinese aluminum closed mixed on Wednesday. After a 0.1 percent increase, the cash price of Chinese aluminum finished the day up. The price of Chinese aluminum scrap continues hovering in place for the fifth day in a row. Chinese aluminum billet stayed flat. For the fifth consecutive day, the price of Chinese aluminum bar held flat as well.