Primary Copper Cash Price Improves on the LME

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The LME cash price of primary copper saw the biggest increase at 0.8 percent, finishing at $8,194 per metric ton for April 25, 2012. Also on the LME, the 3-month price of primary copper gained 0.5 percent to finish at $8,090 per metric ton.

After a 0.8 percent price increase, US copper producer grade 110 finished the day at $6.67 per pound. The price of US copper producer grade 102 increased 0.7 percent to $6.86 per pound. The Japanese primary copper cash price saw little change in its price yesterday at JPY 698,000 ($8,595) per metric ton.

Chinese copper closed mixed yesterday. The price of Chinese bright copper scrap declined 0.2 percent to CNY 50,050 ($7,938) per metric ton. The price of Chinese copper wire remained steady at CNY 57,610 ($9,137) per metric ton. The Chinese primary copper cash price remained essentially flat on the SHFE at CNY 58,650 ($9,302) per metric ton.

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