copper price

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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The price of Chinese copper bar fell 1.2 percent on May 23, 2012 to CNY 56,950 ($9,016) per metric ton, making it the day’s biggest mover. The cash price of Chinese copper changed direction with a 1.2 percent drop. After two days of improving prices, the finished at CNY 57,150 ($9,048) per metric ton. After a couple of days of improving prices, the price of Chinese copper wire held steady at CNY 57,610 ($9,121). The price of Chinese bright copper scrap held steady at CNY 49,050 ($7,765) per metric ton.

The price of US copper producer grade 122 declined 0.5 percent to $4 per pound. The price of US copper producer grade 110 saw a 0.5 percent decline to $4.12 per pound. The price of US copper producer grade 102 weakened by 0.5 percent, settling at $4.31 per pound. The cash price of primary Japanese copper showed little movement on Wednesday, hovering around JPY 640,000 ($8,012) per metric ton.

On the LME, the primary copper cash price fell 0.4 percent to $7,770 per metric ton. Also on the LME, the copper 3-month price remained essentially flat at $7,741 per metric ton.

Chinese copper wire saw a 1.6 percent increase on May 22, 2012, making it the biggest upwards shift of the day on global copper markets. The price of Chinese bright copper scrap finished the market day up one percent. Chinese copper bar saw its price rise 0.1 percent. The cash price of Chinese copper inched up 0.1 percent as well.

US copper producer prices, meanwhile are heading up again.

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Chinese copper wire saw a 1.6 percent increase on May 22, 2012, reaching CNY 57,610 ($9,112) per metric ton and making it the biggest upwards shift of the day. At CNY 49,050 ($7,758), the price of Chinese bright copper scrap finished the market day up one percent per metric ton. Chinese copper bar saw its price rise 0.1 percent to CNY 57,630 ($9,115) per metric ton. The cash price of Chinese copper inched up 0.1 percent to CNY 57,830 ($9,147) per metric ton.

The price of US copper producer grade 122 increased one percent to $4 per pound. Following a two-day drop, the price of US copper producer grade 110 increased by one percent to $4.14 per pound. The price of US copper producer grade 102 is back up, rising by 0.9 percent on Tuesday to close at $4.33 per pound. The Japanese copper cash price saw little price change yesterday at JPY 640,000 ($8,074) per metric ton.

On the LME, the primary copper cash price held steady around $7,799 per metric ton. Following a two-day rise on the LME, the 3-month price of copper flattened at $7,745.

A drop of 3.4 percent made the US copper producer grade 102 price the biggest mover of the day on copper markets, finishing at $6.78 per pound on May 3, 2012.

US copper producer grade 110 prices weakened by 0.7 percent, settling at $6.78 per pound. This marked the fifth day in a row of declining prices and the drop-off has accelerated since April 27, 2012. Today also marks the fifth day in a row of declining prices for US copper producer grade 122. After falling 0.7 percent, prices settled at $6 per pound. The Japanese primary copper cash price held steady on Thursday, remaining around JPY 709,000 ($8,840) per metric ton.

Chinese copper prices were mixed for the day. The price of Chinese copper bar fell 0.3 percent to CNY 59,200 ($9,434) per metric ton. On the SHFE, the cash price of Chinese primary copper declined 0.3 percent to CNY 59,400 ($9,466) per metric ton. The price of Chinese copper wire declined 0.2 percent to CNY 58,380 ($9,303) per metric ton. The price of Chinese bright copper scrap remained essentially flat at CNY 50,050 ($7,976) per metric ton.

The cash price of primary copper weakened by 1.5 percent on the LME, settling at $8,401 per metric ton. Following two days of rising prices, the 3-month price of primary copper dropped 0.7 percent on the LME to $8,328 per metric ton.

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