LME copper

With a decline of one percent on the LME to $7,595 per metric ton on July 19, 2012, the copper cash price recorded the biggest shift of the day. The copper 3-month price weakened by one percent on the LME, settling at $7,595 per metric ton.

After falling for two days, the prices of US copper producer grades 102, 110 and 122 rose 0.5 percent. The cash price of primary Japanese copper saw little movement at above $8,100 per metric ton.

Chinese copper closed mixed on Thursday. Chinese copper wire finished the day up 0.3 percent. The price of Chinese copper bar increased 0.2 percent, as did the cash price of Chinese copper.

The price of Chinese bright copper scrap steadied at above $7,600 per metric ton following two days of increases.

On July 18, 2012, the US copper producer prices for grades 102, 110 and 122 fell by 0.7 percent, making the three price points the day’s biggest movers.

The cash price of primary Japanese copper held steady at below $8,100 per metric ton.

Chinese copper closed mostly down yesterday.

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On July 17, 2012, the day’s biggest mover on our daily copper price index was the cash price of primary copper, which saw a 0.7 percent decline on the LME to $7,635 per metric ton. Also on the LME, the copper 3-month price declined 0.4 percent to $7,640 per metric ton.

The price of US copper producer grade 122 saw a 0.5 percent decline; so did the prices of US copper producer grades 102 and 110. The Japanese copper cash price was unchanged at under $8,100 per metric ton.

Chinese copper prices, however, were up for the day.

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Weakening prices changed direction when the 3-month price of copper rose 2.5 percent on July 16, 2012 on the LME to $7,674 per metric ton. The primary copper cash price is back up, rising by 2.4 percent on the LME on Monday to close at $7,688 per metric ton.

The price of US copper producer grade 122 finished the market day up 2.2 percent. The price of US copper producer grade 110 rose 2.2 percent as well, while grade 102 prices rose 2.1 percent.

The cash price of primary Japanese copper remained essentially flat, holding below $8,100 per metric ton.

Chinese copper closed mixed on Monday. Chinese copper bar saw its price rise 0.7 percent. The cash price of Chinese copper finished the day also with a 0.7 percent increase. Chinese copper wire finished the day up 0.6 percent, while Chinese bright copper scrap held its value on Monday at below $7,600 per metric ton.

The week’s biggest mover on the weekly Copper MMI® was the 3-month price of copper, which saw a 3.6 percent decline on the LME to $7,485 per metric ton. This comes on the heels of a 4.8 percent increase the week before. The primary copper cash price fell 3.3 percent on the LME to $7,505 per metric ton after rising 4.6 percent the week before.

Chinese copper prices were down for the week. Following a 2.1 percent increase in the week prior, the price of Chinese bright copper scrap fell 1.2 percent last week. The price of Chinese copper bar fell 0.8 percent after rising 1.8 percent the week before.

Following a 1.8 percent increase in the week prior, the Chinese copper cash price fell 0.8 percent last week. The price of Chinese copper wire fell 0.7 percent after rising 2.3 percent the week before.

Following a 3.5 percent increase in the week prior, the price of US copper producer grade 122 fell 1.2 percent last week. The price of US copper producer grade 110 fell 1.2 percent after rising 3.5 percent the week before. Following a 3.4 percent increase in the week prior, the price of US copper producer grade 102 fell 1.2 percent last week.

Korean copper strip remained essentially flat from the previous week, while the cash price of primary Japanese copper kept quiet, holding at above $8,000 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 July 13, 2012, the price of US copper producer grade 110 fell by 0.7 percent, making it the day’s biggest mover on MetalMiner’s daily copper price index.

As for other US copper producer price grades, grade 122 prices weakened by 0.7 percent. The price of grade 102 saw a 0.7 percent decline. The cash price of primary Japanese copper continues hovering above $8,000 per metric ton for the fifth day in a row.

Chinese copper closed mixed last Friday. The price of Chinese copper wire closed following a 0.6 percent increase. The price of Chinese copper bar is back up, rising by 0.4 percent last Friday. Following a two-day drop, the cash price of Chinese copper increased by 0.4 percent as well. Chinese bright copper scrap stayed flat in the mid-$7,000-per-ton range.

On the LME, the 3-month price of copper declined 0.5 percent to $7,485 per metric ton. Also on the LME, the cash price of primary copper fell 0.3 percent to $7,505 per metric ton.

With a decline of 1.8 percent on July 11, 2012, Chinese bright copper scrap recorded the biggest price shift of the day on our daily copper price index. Chinese copper bar ended the day after a 0.4 percent drop on Wednesday. The cash price of Chinese copper declined 0.4 percent, and the price of Chinese copper wire fell 0.2 percent.

The prices of US copper producer grades, meanwhile, moved yesterday.

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The cash price of primary copper closed at $7,595 per metric ton on the LME for July 9, 2012. Also on the LME, the copper 3-month price gained 0.1 percent to finish at $7,775 per metric ton.

The prices of US copper producer grades 102, 120 and 122 held steady, while the Japanese copper cash price remained essentially flat above $8,000 per metric ton.

Chinese copper prices were mixed for the day, with Chinese bright copper scrap prices seeing a 0.8 percent decline. The price of Chinese copper wire, meanwhile, rose 0.4 percent after a two-day drop. Chinese copper bar gained 0.4 percent also, and the cash price of Chinese copper rose 0.3 percent.

With a 0.9 percent increase over the past day, the 3-month price of LME copper was the biggest mover on our daily copper price index, closing at $7,766 per metric ton on July 6, 2012. Also on the LME, the primary copper cash price gained 0.7 percent to finish at $7,760 per metric ton.

US copper producer grades 122, 102, and 100 saw little movement last Friday. The cash price of primary Japanese copper held steady at above $8,000 per metric ton.

Chinese copper prices, however, saw movement for the day.

The price of Chinese bright copper scrap finished the market day up 0.8 percent per metric ton. The price of Chinese copper bar declined 0.3 percent, as did the Chinese copper cash price.

Finally, Chinese copper wire prices closed 0.2 percent lower.

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The LME copper 3-month price closed at $7,695 per metric ton on July 5, 2012, making it the day’s biggest mover on our daily copper price index. Following a couple days of improvement, the metal’s price weakened by one percent on the LME.

The copper cash price fell 0.9 percent to $7,705 per metric ton on the LME.

Japanese and US copper producer prices, meanwhile, held steady.

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