Copper Cash Price Drops 2.0%

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Metal Prices, Premium

On April 3, 2013, the day’s biggest mover was the cash price of primary copper, which saw a 2.0 percent decline on the LME to $7,434 per metric ton. Following a quiet couple of days, the copper 3-month price fell 1.9 percent yesterday on the LME to $7,468 per metric ton.

The price of US copper producer grade 122 is back up, rising by 0.2 percent on Wednesday to close at $4.01 per pound. Following a 0.2 percent rise yesterday, the price of US copper producer grade 110 closed at $4.01 per pound. After falling for two days, the price of US copper producer grade 102 rose 0.2 percent to $4.20 per pound. The Japanese copper cash price held steady at JPY 640,000 ($6,854) per metric ton.

Chinese copper prices were mixed for the day. Chinese copper bar finished the day up 0.4 percent to CNY 55,780 ($8,997) per metric ton. At CNY 55,980 ($9,029), the Chinese copper cash price finished the market day up 0.4 percent per metric ton. At CNY 54,775 ($8,835) per metric ton, the price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap stayed flat at around CNY 47,460 ($7,655) per metric ton.