Chinese Bright Copper Scrap Falls 4.2%

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On Wednesday, December 25, the day’s biggest mover was the price of Chinese bright copper scrap, which saw a 4.2 percent decline. This was the first move after three changeless days. The price of Chinese copper bar finished the market day up 1.0 percent per metric ton. The cash price of Chinese copper gained 1.0 percent to finish. Chinese copper wire gained 0.9 percent to finish.

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The Japanese copper cash price rose 0.6 percent. The price of US copper producer grade 122 remained essentially flat. The price of US copper producer grade 102 saw little movement yesterday. The price of US copper producer grade 110 showed little movement yesterday.

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At $7,271, the 3-month price of copper finished the market day on the LME up 0.5 percent per metric ton. Also on the LME, the cash price of primary copper inched up 0.4 percent to $7,278 per metric ton.