Shanghai copper premiums have dropped to their lowest level in almost three years on slack spot demand for imported cathodes ahead of Lunar New Year.
Fastmarkets' copper grade A cathode premium cif Shanghai stood at $35-48 per tonne on Friday January 3, down slightly from $38-50 per tonne a day ago.The copper grade A cathode SX-EW premium, cif Shanghai fell to $35-40 per tonne on the same day, with tonnages sold at as low as...