Shanghai copper premium at four-month high
- Southeast Asia premiums remain global high point
- Shanghai EQ moves back to premium from discounts
- US market foresees more active 2020.
Fastmarkets’ copper grade A cathode premium, cif Shanghai
, was assessed at $48-68 per tonne on Tuesday January 12, slightly up from $48-66 per tonne a week earlier. The benchmark copper premium was now at its highest level since late August 2020.
February cargoes of top-brand ER copper cathodes were reported being sold for prices in the high $60s per tonne, with the copper grade A cathode ER premium, cif Shanghai
, being assessed at $63-68 per tonne, also on January 12.
As for bonded cargoes, Chinese brand ER cathodes were sold in the low $70s per tonne, but with a few offers at slightly higher levels. The copper grade A cathode ER premium, bonded in-whs Shanghai, was assessed at $68-72 per tonne on Tuesday,...