German copper end-users offload inventory amid low industrial demand, backwardation

German consumers of refined copper have been unloading inventory on the spot market over the past two weeks, adding downward pressure to premiums.

German copper end-users selling inventory amid low industrial demand, backwardation
German consumers of refined copper have been unloading some of their inventory on the spot market to weigh on premium over the past two weeks.

Fastmarkets' Copper grade A cathode premium, delivered Germany, widened downward to $65-90 per tonne on Tuesday September 22, with European brand cathodes reportedly being sold to Germany in...

Published

Julian Luk

September 22, 2020

18:28 GMT

London