Traders’ long-term copper contract talks move slowly in China

Copper traders have started negotiating long-term contracts with downstream buyers in China, with few deals being signed so far owing to low spot premiums and an unclear outlook for 2015, market sources told Metal Bulletin sister title Copper Price Briefing.

Offers have been heard at around $115-120 per tonne, they said. “We have signed some orders with Codelco at $133 per tonne and we are discussing $120 per tonne for...

Published

Kiki Kang

December 04, 2014

12:25 GMT

Shanghai