Shanghai copper premiums rise on improved import profits

Shanghai copper premiums continued to rise this week on improved profits in the import business, but more material flowing into the domestic market weighed on physical premiums.

Metal Bulletin sister publication Copper Price Briefing assessed London Metal Exchange premiums at $75-90 per tonne on an in-warehouse Shanghai basis on Wednesday July 29, compared with $60-75 per tonne a week ago. Premiums for ocean cargoes were quoted at $70-85 per tonne, which was $10 higher than a week ago,...


Kiki Kang

July 29, 2015

08:39 GMT