copper price

Copper Market Price Trends – April 30, 2012

Primary copper cash prices saw the biggest upwards shift for the day, rising one percent on the LME to close at $8,443 per metric ton on April 30, 2012. Also on the LME, primary copper 3-month prices increased 0.8 percent to $8,322 per metric ton.

US copper producer grade 110 prices inched up 0.7 percent to $6.81 per pound. After a 0.7 percent increase, the US copper producer grade 102 price finished the day at $7.00 per pound. The Japanese primary copper cash price showed little movement yesterday, hovering around JPY 703,000 ($8,711) per metric ton.

Chinese copper prices were flat for the day. The Chinese primary copper cash price steadied at CNY 59,350 ($9,436) on the SHFE per metric ton. The price of Chinese copper wire flattened at CNY 58,225 ($9,257) after two days of improvement. The price of Chinese bright copper scrap showed little movement yesterday at CNY 50,050 ($7,958) per metric ton.

Aluminum Market Price Trends – April 30, 2012

On April 30, 2012, LME primary aluminum cash prices experienced the biggest change, rising 1.4 percent to $2,068 per metric ton. On the LME, the 3-month price of primary aluminum rose 1.4 percent to $2,109 per metric ton. The cash price of Indian primary aluminum declined 0.8 percent to INR 108.05 ($2.06) per kilogram, after two days of improvement.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,647) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 16,100 ($2,559) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,233) per metric ton. On the SHFE, Chinese primary aluminum cash prices remained essentially flat at CNY 16,080 ($2,556) per metric ton.

On April 26, 2012, the day’s biggest mover in copper prices was the LME copper 3-month price, which saw a 1.4 percent increase to $8,200 per metric ton. Also on the LME, primary copper cash prices inched up 1.1 percent to $8,285 per metric ton.

US copper producer grade 110 saw its price rise 0.5 percent, while US copper producer grade 102 prices finished the day up 0.4 percent. The cash price of Japanese primary copper held steady on Thursday, remaining below $8,600 per metric ton.

Chinese copper closed mixed yesterday. After a few days of little change, the cash price of Chinese primary copper popped up 0.3 percent on the SHFE, landing at CNY 58,850 ($9,333) per metric ton. The price of Chinese copper wire moved up 0.3 percent, while Chinese bright copper scrap saw little change in its price yesterday, resting under $8,000 per metric ton.

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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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