Shanghai premiums continue to rise
- Arbitrage driving premiums in Shanghai
- Southeast Asia market weak on pandemic shutdowns
- US premiums remain elevated
China’s import premium for copper cathode rose to its highest level in more than five months during the week to Tuesday August 17, supported by low spot availability and improving arbitrage terms.
The copper import arbitrage
averaged a loss of $31.30 per tonne during August 11-17, compared with an average loss of $58.23 per tonne over August 4-10, according to Fastmarkets’ calculation.
On Tuesday August 17, Fastmarkets'...