The widening arbitrage loss and low buying interest weighed on the Shanghai copper cathode premiums in the week ended Friday October 25.
Fastmarkets' copper grade A cathode premium, cif Shanghai fell to $68-80 per tonne on Friday, down by $2 from $70-82 per tonne on Thursday and the second straight day of decline. Market participants pointed to a widening arbitrage loss and low buying interest. Meanwhile, the copper grade A...