China copper premium up slightly; SEA market static
- Copper arbitrage window remains opened for Shanghai yet trading interest is not particularly high
- There is no European copper pricing this week
The premium for copper cathodes being imported to China edged up slightly on a weekly basis on Tuesday December 7, but overall spot business was thin.
Fastmarkets assessed the benchmark copper grade A cathode premium, cif Shanghai
at $78-96 per tonne on Tuesday, down by $3-4 per tonne from $75-92 per tonne a week earlier.
The slight increase was supported by improved import conditions late last week, but that did not last long amid volatility of backwardations in most London Metal Exchange copper...