US copper producer grade 110 saw a 0.2 percent drop on April 16, 2012, making it the biggest mover of the day. US copper producer grade 102 prices saw a 0.1 percent decline. The cash price of Japanese primary copper flattened at JPY 696,000 ($8,593) after two days of improvement on the LME.
Chinese copper prices were flat for the day. The cash price of copper showed little movement yesterday on the SHFE at CNY 57,900 ($9,186) per metric ton. At CNY 56,800 ($9,011) per metric ton, the price of Chinese copper wire was essentially unchanged. Chinese bright copper scrap held its value yesterday at CNY 50,500 ($8,012) per metric ton.
The 3-month price of primary copper held steady yesterday on the LME , remaining around $8,120 per metric ton. Also on the LME, the cash price of primary copper showed little movement yesterday, hovering around $8,165 per metric ton.