Shanghai premiums trade at five-month highs
- Shanghai premiums hit 5-month highs
- Southeast Asia levels stay high as LME stocks depleted
- Business picking up in the United States
Premiums for copper cathodes rose in Shanghai this week, after buyers there delved into the spot market for cargoes arriving after the Lunar New Year (February 12).
Fastmarkets assessed the copper grade A cathode ER premium, cif Shanghai
at $68-73 per tonne on Tuesday January 19, up by $5 per tonne from $63-68 per tonne a week earlier.
Premiums have been given a...