copper price

On June 1, 2012, the day’s biggest mover on global copper markets was the LME copper 3-month price, which saw a 0.6 percent decline to $7,498 per metric ton. Also on the LME, the primary copper cash price fell 0.3 percent to $7,516 per metric ton.

The prices of US copper producer grades 122, 110 and 102 all declined 0.5 percent on June 1.

However, Asian copper market prices held rather steady.

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On May 31, 2012, the day’s biggest mover on global copper markets was US copper producer grade 110 price, which saw a two percent decline.

Following a couple days of improvement, the price of US copper producer grade 122 weakened by two percent. The price of US copper producer grade 102 declined 1.9 percent, also after two days of improvement.

The cash price of primary Japanese copper continues to hover below $8,100 per metric ton for the fifth day in a row.

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The week’s biggest mover on the Automotive MMI® was the price of US platinum bar, which saw a 1.9 percent decline to $1,398 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar rose 1.2 percent to $602.00 per ounce after falling 1.3 percent during the previous week.

Meanwhile, the price of US HDG fell 0.5 percent over the past week. This was the third week in a row of declining prices.

Closing out the third week of declining prices, the LME cash price of primary copper dropped by 1.2 percent, finishing at $7,540 per metric ton. For the third week in a row, the 3-month price of copper dropped, falling 0.6 percent on the LME to $7,545 per metric ton.

The Chinese lead price dropped 0.3 percent this week, closing out the third consecutive week of falling prices, while prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week under $5 per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

On May 31, 2012, the day’s biggest mover was US copper producer grade 110 price, which saw a two percent decline to $4.02 per pound. Following a couple days of improvement, the price of US copper producer grade 122 weakened by two percent. Prices closed at $4 per pound. The price of US copper producer grade 102 declined 1.9 percent to $4.21 per pound, after two days of improvement. The cash price of primary Japanese copper continues hovering around JPY 640,000 ($8,091) per metric ton for the fifth day in a row.

Chinese copper prices were mixed for the day. The price of Chinese copper wire fell 1.4 percent to CNY 55,420 ($8,734) per metric ton. Chinese copper bar prices saw a 1.3 percent decline to CNY 56,300 ($8,873) per metric ton. The cash price of Chinese copper declined 1.3 percent to CNY 56,500 ($8,904) per metric ton. The price of Chinese bright copper scrap showed little movement on Thursday at CNY 47,200 ($7,438) per metric ton.

On the LME, the cash price of primary copper fell 1.9 percent to $7,540 per metric ton. The 3-month price of copper weakened by 1.7 percent on the LME, settling at $7,545 per metric ton.

The week’s biggest mover on the Automotive MMI® was the price of US platinum bar, which saw a 1.9 percent decline to $1,398 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar rose 1.2 percent to $602.00 per ounce after falling 1.3 percent during the previous week.

The price of US HDG fell 0.5 percent over the past week to $798 per short ton. This was the third week in a row of declining prices.

Closing out the third week of declining prices, the cash price of primary copper dropped by 1.2 percent on the LME, finishing at $7,540 per metric ton. For the third week in a row, the 3-month price of copper dropped, falling 0.6 percent on the LME to $7,545 per metric ton. The Chinese lead price dropped 0.3 percent this week, closing out the third consecutive week of falling prices at CNY 15,250 ($2,403) per metric ton. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3) per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Copper prices remained volatile throughout the first quarter of 2012 and the same result is expected in the next quarter, even as Goldman Sachs has cut their price forecast for copper, nickel and zinc for 2012 due to the prospect of increased supplies.

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On May 30, 2012, the day’s biggest mover was the price of Chinese bright copper scrap, which saw a 2.9 percent decline to CNY 47,200 ($7,453) per metric ton. After improving for two days, the price of Chinese copper wire declined one percent to CNY 56,200 ($8,874) per metric ton. Chinese copper bar finished the day down 0.8 percent to CNY 57,050 ($9,009) per metric ton. The Chinese copper cash price weakened by 0.8 percent, settling at CNY 57,250 ($9,040) per metric ton.

The price of US copper producer grade 122 inched up 0.5 percent to $4 per pound. The price of US copper producer grade 110 increased 0.5 percent to $4.10 per pound. The price of US copper producer grade 102 gained 0.5 percent to finish at $4.29 per pound. The cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($8,043) per metric ton.

The primary copper cash price changed direction with a 0.7 percent drop. After two days of improving prices, the finished at $7,685 per metric ton on the LME. Weakening prices followed two days of improvement as the 3-month price of copper dropped 0.5 percent on the LME to $7,676 per metric ton.

On May 30, 2012, the day’s biggest mover on global copper markets was the price of Chinese bright copper scrap, which saw a 2.9 percent decline.

The price of Chinese copper wire, following a couple days of improvement, fell by one percent. Chinese copper bar fell 0.8 percent yesterday. The cash price of Chinese copper also fell, weakening by 0.8 percent.

US producer prices and LME copper also showed movement.

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Rising 0.8 percent to close at $7,717 per metric ton, the 3-month price of LME copper experienced the biggest change on global copper markets for May 29, 2012. Also on the LME, the primary copper cash price increased 0.6 percent to $7,738 per metric ton.

The price of US copper producer grade 122 gained 0.5 percent, as did the price of US copper producer grade 110. The price of US copper producer grade 102 rose 0.5 percent as well.

Meanwhile, Asian copper prices were up and down.

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Rising 0.8 percent to close at $7,717 per metric ton, the 3-month price of copper experienced the biggest change on the LME for May 29, 2012. Also on the LME, the primary copper cash price increased 0.6 percent to $7,738 per metric ton.

The price of US copper producer grade 122 gained 0.5 percent to finish at $4 per pound. At $4.08, the price of US copper producer grade 110 finished the market day up 0.5 percent per pound. The price of US copper producer grade 102 rose 0.5 percent to $4.27 per pound. For the fifth consecutive day, the cash price of primary Japanese copper held flat at JPY 640,000 ($8,062) per metric ton.

Chinese copper closed mixed yesterday. Chinese copper wire saw its price rise 0.2 percent to CNY 56,750 ($8,963) per metric ton. The price of Chinese copper bar remained steady at CNY 57,500 ($9,081) per metric ton. The Chinese copper cash price saw little price change on Tuesday at CNY 57,700 ($9,113) per metric ton. Chinese bright copper scrap stayed flat at around CNY 48,600 ($7,676) per metric ton.

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