Chinese Bright Copper Scrap Breaks Flat Spell

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On Monday, July 29, the day’s biggest mover was the price of Chinese bright copper scrap, which saw a 5.2 percent decline. This was the first move after three changeless days.

Chinese copper bar ended the day after a 2.0 percent drop on Monday. The cash price of Chinese copper declined 2.0 percent. Chinese copper wire closed 1.8 percent lower.

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The price of US copper producer grades 110 and 122 weakened by 2.1 percent. The price of US copper producer grade 102 saw a 2.0 percent decline. The cash price of primary Japanese copper fell 1.6 percent.

On the LME, the 3-month price of copper declined 0.3 percent to $6,925 per metric ton. The cash price of primary copper weakened by 0.3 percent on the LME, settling at $6,905 per metric ton.

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