US copper cathode premium widens lower

The premium for copper cathodes in the United States has moved for the first time since May 14, widening downward amid ample supply and a slowdown in spot trading.

Fastmarkets AMM assessed the US copper cathode premium at 7.25-8 cents per lb delivered to the Midwest on Tuesday June 25, widening from the previous range of 7.5-8 cents per lb. Market sources credited strong supply and muted demand for the decline, while some also speculated that sellers may be discounting metal as the end of the month approaches. “[The premium] has widened...

Published

Rijuta Dey Bera

June 25, 2019

21:58 GMT

New York