Small Drift for 3-Month Price of Copper

 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.

The price of US copper producer grade 122 saw a 0.5 percent decline to $4.03 per pound. The price of US copper producer grade 110 weakened by 0.5 percent, settling at $4.03 per pound. The price of US copper producer grade 102 declined 0.5 percent to $4.22 per pound. The cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($6,732) per metric ton.

Chinese copper closed mixed on Wednesday. The price of Chinese copper bar rose 0.2 percent to CNY 56,500 ($9,092) per metric ton after a two-day drop. Following a 0.2 percent rise yesterday, the cash price of Chinese copper closed at CNY 56,700 ($9,124) per metric ton. After a couple of days of decreasing prices, the price of Chinese copper wire held steady at CNY 55,550 ($8,939). For the fifth consecutive day, the price of Chinese bright copper scrap held flat at CNY 46,850 ($7,539) per metric ton.

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