LME Copper Cash Price Drops, US Producer Prices Back Up

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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.

today's metal prices - MetalMiner IndXThe price of US copper producer grade 122 is back up, rising by 0.2 percent on Wednesday. Following a 0.2 percent rise yesterday, the price of US copper producer grade 110 closed up too. After falling for two days, the price of US copper producer grade 102 rose 0.2 percent also. The Japanese copper cash price held steady.

Chinese copper prices were mixed for the day. Chinese copper bar finished the day up 0.4 percent. The Chinese copper cash price finished the market day up 0.4 percent per metric ton. The price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap stayed flat.