US copper premium stable
- US spot copper premiums stable after reaching multi-year highs last week
- Fresh inflows into Rotterdam fuel supply-demand woes in Europe
- Shanghai cif premiums rise by $2 per tonne.
Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US
, at 7.5-8.5 cents per lb on January 21, flat after hitting multi-year highs last week
The spot business in copper cathode remained slow, according to market participants, but the premium still held firm amid higher premiums charged by producers and an increase in rail freight costs.
Shanghai cif premium up by $2 per tonne
The Shanghai cif copper premium edged up further in the week ended Tuesday with the market recovering from...