Elsewhere the markets were quieter, with consumers waiting until the last minute to buy spot cathode given soaring London Metal Exchange copper prices. The exchange's three-month contract hit a 10-year high of $9,342 per tonne on Tuesday.
Europe premium rose to two-year high.
US premium widened lower.
Shanghai market on the sidelines.
Demand drives delivered European premium to two-year high
The European market cited consistently strong demand for cathode this week. Fastmarkets’ copper grade A cathode premium, delivered Germany assessment was $85-95 per tonne on Tuesday, up from $80-90 per tonne two weeks ago and at the highest since March 2019.
Orders among fabricators continued to rise,...