Holiday weekend weighs on US market
- US market participants take to the sidelines due to an extended holiday weekend
- European premiums flat despite higher offers seen in Italy amid shipment delays
- Chinese premiums fall on slow demand, further declines expected in the near term
US copper premiums were flat over the past week with market participants sidelined during an extended holiday weekend.
American Metal Market's assessment of the US copper cathode premium
stood at 5.25-5.75 cents per lb delivered to the US Midwest on Tuesday January 16, unchanged since November 21, 2017.
"[The market] seems to...