Copper premiums in the United States and China were broadly unchanged over the past week, while those in northern Europe softened amid lower offer prices from sellers.
Lower offer prices sink northern European premiumsUS copper premium steady, potential near-term rise eyedShanghai premiums broadly flat ahead of Lunar New Year holidays Copper premiums eased lower in northern Europe this past week after consumers reported offers of grade A cathodes at around $40 per tonne in Rotterdam. Metal Bulletin assessed the Rotterdam copper cathode premium in a range of $40-47.50 per tonne on Tuesday February 6, down slightly from an assessed range of $45-50 per tonne on January 30.Several consumers reported that they had received offers at $40-45 per tonne, although few trades were made, with much of the end market covered by long-term contracts.The $9 contango...