Chinese Copper Bar Up After Two-Day Decline

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Metal Prices
The price of Chinese copper bar closed up Monday, January 13 at CNY 52,980 ($8,757) per metric ton, halting two days of weakening prices with a 1.0 percent shift. The Chinese copper cash price is back up, rising by 1.0 percent yesterday to close at CNY 53,180 ($8,790) per metric ton. The price of Chinese bright copper scrap showed little movement on Monday at CNY 43,200 ($7,140) per metric ton. The price of Chinese copper wire held steady at CNY 51,875 ($8,574) per metric ton.

Following a two-day drop, the price of US copper producer grade 122 increased by 0.7 percent to $4.08 per pound. After falling for two days, the price of US copper producer grade 110 rose 0.7 percent to $4.08 per pound. The price of US copper producer grade 102 rose 0.7 percent to $4.27 per pound after a two-day drop. The Japanese copper cash price held steady around JPY 809,000 ($7,782) per metric ton.

The copper 3-month price remained essentially flat on the LME at $7,263 per metric ton. The primary copper cash price saw little price change on Monday on the LME at $7,281 per metric ton.

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