European copper premiums head in different directions
Shanghai cif copper premiums soften, bonded premiums widen
US copper premiums stable despite upward pressure
European copper premiums take different paths
Delayed vessels in Italy, tightened supply in Germany and ample availability in Rotterdam sent copper premiums in different directions in Europe.
Copper premiums in Rotterdam softened to $43-50 per tonne cif on Tuesday April 17 amid ample cathode availability, down from $45-50 per tonne a week earlier.
Market activity was reported in the $40-per-tonne range, with a $5-10 difference between registered and non-registered cathode on the London Metal Exchange.
On-warrant LME stocks in Rotterdam rose by 5,975 tonnes during the week to 86,500 tonnes.
The ample supply in Rotterdam has stood in a contrast...