Chinese Copper Wire Moves Down 0.9%

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Metal Prices, Premium

Decreasing 0.9 percent made Chinese copper wire the biggest mover of the day, finishing at CNY 55,200 ($8,885) per metric ton on 2013-03-29 07:45:39. Chinese copper bar finished the day down 0.8 percent to CNY 56,180 ($9,043) per metric ton. The cash price of Chinese copper fell 0.8 percent to CNY 56,380 ($9,075) per metric ton. The price of Chinese bright copper scrap remained steady at CNY 47,460 ($7,639) per metric ton.

The price of US copper producer grade 122 saw little movement on Thursday, closing out around $4.07 per pound. For the fifth day in a row, the Japanese copper cash price remained essentially flat at JPY 640,000 ($6,795) per metric ton. The price of US copper producer grade 102 showed little movement on Thursday, hovering around $4.26 per pound. The price of US copper producer grade 110 saw little change in its price on Thursday at $4.07 per pound.

After a 0.6 percent increase, the copper 3-month price finished the day on the LME at $7,613 per metric ton. The cash price of primary copper saw a 0.2 percent decline on the LME to $7,582 per metric ton.