Shanghai copper premium widens on import financing difficulties

China's copper premium range widened in a relatively quiet market this week, as market participants found it difficult to get financing for imports.

China's copper premium range widened in a relatively quiet market this week, as market participants found it difficult to get financing for imports. Metal Bulletin’s Shanghai cif premium went to $80-100 this week from $85-90 per tonne last week. “The physical spot market is slow for buyers and sellers,” a trader who sells to the Shanghai market said. “Bill of lading (B/L) is still preferred for business over warehouse receipts for financing,” the trader...

Published

Shivani Singh

August 28, 2014

11:38 GMT

Singapore