US Midwest copper premium ticks up
China announces details of plan to release 20,000 tonnes of copper into the spot market
Spot Shanghai copper premiums stay depressed
US copper demand strong; Comex stock tumbles to more than one-year low
Fastmarkets assessed the copper grade 1 cathode premium, ddp Midwest US at 8.00-8.50 cents per lb on Tuesday, up slightly from 7.75-8.50 cents per lb a week ago. The premium is now at its highest level since May 2013.
Market pricing contributors unanimously said premiums under 8 cents...