copper price

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.

On May 28, 2012, Chinese copper bar jumped up 1.4 percent, making it the day’s biggest increase on global copper markets. Prices for other Chinese copper forms increased on the day as well…

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On May 28, 2012, Chinese copper bar jumped up 1.4 percent, landing at CNY 57,550 ($9,085) per metric ton and making it the day’s biggest increase. The cash price of Chinese copper rose 1.4 percent to CNY 57,750 ($9,117) per metric ton. Chinese copper wire finished the day up 1.1 percent to CNY 56,620 ($8,938) per metric ton. Following two days of downward movement, the price of Chinese bright copper scrap held steady at CNY 48,600 ($7,672) per metric ton.

The price of US copper producer grade 122 held steady around $4 per pound. For the fifth consecutive day, the Japanese copper cash price held flat at JPY 640,000 ($8,045) per metric ton. The price of US copper producer grade 102 saw little movement last Friday, closing out around $4.25 per pound. The price of US copper producer grade 110 showed little movement last Friday, hovering around $4.06 per pound.

At $7,654, the copper 3-month price finished the market day on the LME up 0.6 percent per metric ton. Also on the LME, the primary copper cash price gained 0.5 percent to finish at $7,695 per metric ton.

The price of US copper producer grade 110 closed as the biggest mover for May 25, 2012. Switching from a downward trend, the metal closed at $4.06 per pound following a 0.7 percent increase. The price of US copper producer grade 122 rose 0.7 percent to $4 per pound after a two-day drop. Following a 0.7 percent rise last Friday, the price of US copper producer grade 102 closed at $4.25 per pound. For the fifth day in a row, the cash price of primary Japanese copper remained essentially flat at JPY 640,000 ($8,056) per metric ton.

Chinese copper closed mixed last Friday. Chinese bright copper scrap prices saw a 0.4 percent decline to CNY 48,600 ($7,672) per metric ton. Chinese copper wire prices rose 0.3 percent to CNY 56,000 ($8,840) per metric ton. The price of Chinese copper bar flattened at CNY 56,780 ($8,963) following two-days of declines. The Chinese copper cash price flattened at CNY 56,980 ($8,995) per metric ton after two days of downward movement.

Following a two-day drop, the cash price of primary copper increased by 0.4 percent on the LME to $7,659 per metric ton. Also on the LME, the 3-month price of copper gained 0.3 percent to finish at $7,612 per metric ton.

The week’s biggest mover on the Copper MMI® was the price of US copper producer grade 122, which saw a 1.5 percent decline to $4 per pound. Last week marked the fourth in a row of declining prices for the metal. For the third week in a row, the price of US copper producer grade 110 dropped, falling 1.2 percent to $4.06 per pound. Closing out the third week of declining prices, the price of US copper producer grade 102 dropped by 1.2 percent, finishing at $4.25 per pound. At KRW 10,850 ($9) per kilogram, the week finished with no movement for Korean copper strip. The cash price of primary Japanese copper closed at JPY 640,000 ($8,056) per metric ton after a flat week.

Chinese copper prices were mixed for the week. At CNY 56,780 ($8,963) per metric ton, the price of Chinese copper bar finished the week down 0.4 percent. The Chinese copper cash price fell 0.4 percent over the past week to CNY 56,980 ($8,995) per metric ton. This was the third week in a row of declining prices. The price of Chinese bright copper scrap rose 0.1 percent to CNY 48,600 ($7,672) per metric ton after falling 3.9 percent during the previous week. Following a steady week, prices for Chinese copper wire closed flat at CNY 56,000 ($8,840) per metric ton.

The 3-month price of copper dropped 0.9 percent on the LME this week, closing out the third consecutive week of falling prices at $7,612 per metric ton. For the third week in a row, the primary copper cash price dropped, falling 0.6 percent on the LME to $7,659 per metric ton.

The Copper MMI® collects and weights 12 global copper metal price points to provide a unique view into copper price trends. For more information on the Copper 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 24, 2012, the day’s biggest mover on global copper markets was the price of Chinese copper wire, which saw a 3.1 percent decline. Meanwhile, Chinese bright copper scrap prices saw a 0.5 percent decline.

The price of Chinese copper bar declined 0.4 percent, as did the Chinese copper cash price.

Further drops in price hit LME and US producer prices.

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Automotive MMI® prices dropped the week of May 21, 2012. The week’s biggest mover on the Automotive MMI® was the price of US HDG, which saw a 2.3 percent decline. Last week marked the fourth in a row of declining prices for the metal.

The price of Chinese lead fell one percent over the past week. This was the third week in a row of declining prices.

Meanwhile, copper prices dropped as well.

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Automotive MMI® prices dropped the week of May 21, 2012. The week’s biggest mover on the Automotive MMI® was the price of US HDG, which saw a 2.3 percent decline to $802 per short ton. Last week marked the fourth in a row of declining prices for the metal.

Closing out the third week of declining prices, the cash price of primary copper dropped by one percent on the LME, finishing at $7,630 per metric ton. The price of Chinese lead fell one percent over the past week to CNY 15,300 ($2,417) per metric ton. This was the third week in a row of declining prices. The 3-month price of copper dropped 0.9 percent on the LME this week, closing out the third consecutive week of falling prices at $7,590 per metric ton. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat at KRW 4,360 ($3) per kilogram.

At $1,425 per ounce, the price of US platinum bar finished the week down 1.9 percent. For the third week in a row, the price of US palladium bar dropped, falling 1.3 percent to $595.00 per ounce.

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 24, 2012, the day’s biggest mover was Chinese copper wire, which saw a 3.1 percent decline to CNY 55,850 ($8,823) per metric ton. Chinese bright copper scrap prices saw a 0.5 percent decline to CNY 48,800 ($7,709) per metric ton. The price of Chinese copper bar declined 0.4 percent to CNY 56,730 ($8,962) per metric ton. The Chinese copper cash price declined 0.4 percent to CNY 56,930 ($8,993) per metric ton.

The price of US copper producer grade 122 weakened by 2.2 percent, settling at $4 per pound. The price of US copper producer grade 110 saw a 2.2 percent decline to $4.03 per pound. The price of US copper producer grade 102 fell 2.1 percent to $4.22 per pound. The cash price of primary Japanese copper saw little movement on Thursday at JPY 640,000 ($8,054) per metric ton.

The copper 3-month price dropped by two percent on the LME to $7,590 per metric ton after holding steady. The primary copper cash price weakened by 1.8 percent on the LME, settling at $7,630 per metric ton.

The price of Chinese copper bar fell 1.2 percent on May 23, 2012, making it the day’s biggest mover on global copper markets. The cash price of Chinese copper changed direction with a 1.2 percent drop, after two days of improving prices. The price of Chinese copper wire held steady at above $9,100 per metric ton. The price of Chinese bright copper scrap held steady at CNY 49,050 ($7,765) per metric ton.

LME and US copper producer prices, however, fell.

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