GLOBAL COPPER WRAP: Global premiums broadly steady, LME stock deliveries tip momentum to downside

Global copper premiums were largely unchanged in a week where 72,750 tonnes of cathode was delivered onto the London Metal Exchange, driving on-warrant stocks to their highest levels since June 2013.

LME’s cash/three-month spread widened to $46.50 per tonne contango, most since January 9 Premiums broadly unchanged, though downside seen in locations near where deliveries took place High availability of...

Published

Archie Hunter

Dalton Barker

March 28, 2018

04:05 GMT

London, Chicago