Prices of US Copper Producer Grades Rising, China Wire Up

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Following a two-day flat streak, the prices of US copper producer grades 102, 110 and 122 climbed by 1.0 percent on Tuesday, July 23. The cash price of primary Japanese copper saw a 0.4 percent decline.

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Chinese copper prices were mixed for the day. The price of Chinese copper wire increased 0.8 percent. Chinese copper bar finished the day up 0.6 percent. After a 0.6 percent increase, the Chinese copper cash price finished the day higher. Chinese bright copper scrap held its value on Tuesday.

On the LME, the copper 3-month price gained 0.9 percent to finish at $6,990 per metric ton. At $6,978, the primary copper cash price finished the market day on the LME up 0.8 percent per metric ton.

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