Chinese Copper Wire Shifts

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On Friday, January 3, the day’s biggest mover was Chinese copper wire, which saw a 0.5 percent increase. Chinese copper bar finished the day down 0.5 percent. The cash price of Chinese copper weakened by 0.4 percent. The price of Chinese bright copper scrap was essentially unchanged.

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The price of US copper producer grade 122 saw a 0.2 percent decline. The price of US copper producer grade 110 fell 0.2 percent. The price of US copper producer grade 102 declined 0.2 percent. The cash price of primary Japanese copper saw little movement.

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The copper 3-month price showed little movement last Friday on the LME at $7,370 per metric ton. Also on the LME, the cash price of primary copper remained essentially flat at $7,394 per metric ton.