Shanghai premiums rise ahead of holiday
- Chinese electro-refined (ER) cathode import premiums hit peak of $85-95 per tonne before declining
- US market continues to be strong
China’s import premium for copper cathodes was up week on week after a brief rally in the week to September 14, but spot activity slowed ahead of next week’s Mid-Autumn festival in the country.
Arbitrage terms improved late last week, which helped to drive paid premiums as high as $85-95 per tonne for ER cathodes on a cif basis....