Prices Reach 30-Day Low for Chinese Copper Wire

by on
Style:
Category:
Metal Prices, Premium

Chinese copper wire had the largest decline on April 15, 2013, dropping 2.6 percent and landing at CNY 54,000 ($8,713) per metric ton. The price of Chinese copper bar fell to a thirty-day low at CNY 55,100 ($8,891) per metric ton after shifting 2.1 percent. After falling 2.1 percent to CNY 55,300 ($8,923) per metric ton, the cash price of Chinese copper reached a thirty-day low. The price of Chinese bright copper scrap showed little movement on Monday at CNY 47,220 ($7,619) per metric ton.

The price of US copper producer grade 122 saw a 2.0 percent decline to $4.00 per pound. The price of US copper producer grade 110 weakened by 2.0 percent, settling at $4.00 per pound. The price of US copper producer grade 102 fell 1.9 percent to $4.19 per pound. At JPY 785,000 ($7,979), the cash price of primary Japanese copper finished the market day up 0.4 percent per metric ton.

The cash price of primary copper held steady on Monday on the LME, remaining around $7,508 per metric ton. Also on the LME, the copper 3-month price saw little movement yesterday at $7,545 per metric ton.