US Copper Producer Grade 122 Up Again

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The price of US copper producer grade 110 closed up Wednesday, February 5, halting two days of weakening prices with a 0.5 percent shift. The price of US copper producer grade 122 is back up, rising by 0.5 percent on Wednesday. Following a 0.5 percent rise yesterday, the price of US copper producer grade 102 closed. The Japanese copper cash price remained essentially flat.

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Chinese copper prices were flat for the day. The price of Chinese copper bar continues to hover for the fifth day in a row. The Chinese copper cash price remained essentially flat. For the fifth consecutive day, the price of Chinese copper wire held flat. The price of Chinese bright copper scrap was unchanged.

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The copper 3-month price steadied at $7,050 per metric ton following two-days of dropping prices on the LME. Also on the LME, the primary copper cash price saw little change in its price on Wednesday at $7,095 per metric ton.