Premiums for Grade A cathodes basis cif Shanghai
have leapt in the past week to their highest levels since February 2016, with material trading at up to $100 per tonne over LME cash prices. The daily premium reached $83-100 per tonne on Thursday September 13, compared with $73-89 per tonne at the start of the month.
Meanwhile, premiums basis major Southeast Asian ports
are averaging $85 per tonne, the highest since Metal Bulletin began coverage in June 2016. Premiums for Taiwan
also went up to $75-85 per tonne this week, the highest since the beginning of 2017.