Copper MMI®: US Producer Prices Improve on the Week

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The price of US copper producer grade 122 saw the largest upwards shift on the weekly Copper MMI®, rising 2.5 percent after falling 2.2 percent during the previous week.

today's metal prices - MetalMiner IndXThe price of US copper producer grade 110 also rose 2.5 percent, while the price of US copper producer grade 102 rose 2.4 percent after falling 2.1 percent during the previous week. Following a steady week, prices for Korean copper strip closed flat.

Chinese copper prices were mixed. The price of Chinese copper wire rose 1.2 percent after falling 0.8 percent during the previous week. The price of Chinese copper bar rose 0.9 percent after falling 0.7 percent during the previous week. The Chinese copper cash price rose 0.9 percent after falling 0.7 percent during the previous week. Chinese bright copper scrap fell 0.5 percent over the past week.

The primary copper cash price rose 2.4 percent on the LME to $7,510 per metric ton after falling 3.2 percent during the previous week. The copper 3-month price rose 2.3 percent on the LME to $7,545 per metric ton after falling 3.2 percent during the previous week.

The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.