LME Copper Prices Up on the Day

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Metal Prices, Premium

On the LME, the primary copper cash price gained 0.8 percent to finish at $7,547 per metric ton on April 11, 2013, making it the day’s biggest mover. The copper 3-month price increased 0.8 percent on the LME , ending at $7,575 per metric ton. For the fifth day since April 5, 2013, the climb has accelerated.

Following a couple days of improvement, the price of US copper producer grade 110 weakened by 0.5 percent. Prices closed at $4.06 per pound. The price of US copper producer grade 122 declined 0.5 percent to $4.06 per pound, after two days of improvement. The price of US copper producer grade 102 closed at $4.25 per pound. Following a couple days of improvement, prices fell by 0.5 percent.

Chinese copper closed mixed on Thursday. The price of Chinese copper wire changed direction with a 0.4 percent drop. After two days of improving prices, the metal finished at CNY 55,425 ($8,944) per metric ton. Following two days of rising prices, the price of Chinese copper bar dropped 0.4 percent to CNY 56,300 ($9,086) per metric ton. After improving for two days, the cash price of Chinese copper declined 0.4 percent to CNY 56,500 ($9,118) per metric ton. The price of Chinese bright copper scrap remained steady at CNY 47,220 ($7,620) per metric ton.

The cash price of Japanese copper stands at JPY 784,000 ($7,866) per metric ton.