Shanghai copper premiums rose in the week to Tuesday September 14 with the market becoming quieter ahead of a national holiday in China, while in the United States copper cathodes continued to trade at multi-year high prices.
Chinese electro-refined (ER) cathode import premiums hit peak of $85-95 per tonne before decliningUS market continues to be strongShanghai premiums rise ahead of holidayArbitrage 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....