CHINA COPPER PREMIUM SNAPSHOT: Cif Shanghai premium falls for two consecutive days on widening arb loss

The widening arbitrage loss and low buying interest weighed on the Shanghai copper cathode premiums in the week ended Friday October 25.

Fastmarkets' copper grade A cathode premium, cif Shanghai fell to $68-80 per tonne on Friday, down by $2 from $70-82 per tonne on Thursday and the second straight day of decline. Market participants pointed to a widening arbitrage loss and low buying interest.

Meanwhile, the copper...


Sally Zhang

October 25, 2019

15:10 GMT