Posted on | March 6, 2013 | No Comments
Copper Price Metal Trend News Review Today March 6, 2013 mid-day:
Despite the recently negative trend, copper contract price finished the last full trading session above break-even for the day. Gold and silver were tracking higher. May contract copper price tracked higher last session by .39 percent, positive .014, to close up at a floor price of 3.52 per pound. Diminished demand for copper on a global scale has pressured prices in recent months. Copper price trends have tracked below break-even as a result.
Copper price trend-line is negative at this time by approximately 6 percent according to one month price change analysis. One year price change for copper is negative by approximately 6 percent as well at this point. Price trends did not deviate from this norm during the initial half of today’s session.
Today, as the trading session reached the mid-day mark, copper price trend was tracking lower.
Today’s copper contract price review mid-day March 6, 2013:
Copper price was below break-even at the mid-day mark. May contract copper price dropped lower by .04 percent to post at a floor price of 3.51 per pound.
Today’s Spot copper price post mid-day review March 6, 2013:
Mid-day spot copper price was tracking lower. Spot copper per pound price posted at 4.48 at the mid-day mark today.