Copper futures prices july 27 2012

Copper futures prices july 27 2012 : The 3-month price of copper saw little movement on Thursday on the LME, closing out around $7,403 per metric ton. Also on the LME, the cash price of primary copper showed little movement on Thursday, hovering around $7,395 per metric ton.

The price of Chinese copper bar declined 0.4 percent. The cash price of Chinese copper saw a 0.4 percent decline. Chinese copper wire prices saw a 0.4 percent decline as well. The price of Chinese bright copper scrap remained essentially flat.

Copper rose for a third day in New York on prospects for improved demand amid speculation that policy makers meeting next week will expand stimulus programs to revive slowing economies.

Copper futures for September delivery climbed 0.9 percent to $3.4255 a pound on the Comex in New York. The metal rose 1.2 percent the previous two days. Copper hasn’t advanced for three straight days since June 19.

On the London Metal Exchange, copper for delivery in three months was 1.1 percent higher at $7,555.50 a metric ton ($3.43 a pound).

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