Rotterdam copper premium up on hand-to-mouth buying

Jan 28, 2013 | 05:09 PM | Mark Burton

Tags  copper, premiums, Rotterdam

LONDON — The weighted-average copper premium for Rotterdam, the Netherlands, pushed back above $70 per tonne Jan. 28 as producers reported modest sales to consumers.

The spread on AMM sister publication Metal Bulletin’s Rotterdam copper premiums was unchanged at $60 to $80 per tonne, but the weighted-average quote increased to $70.83 per tonne after dipping below $70 in mid-January.

Spot trade in Europe has been slow so far in 2013 and is not expected to pick up significantly until late February at the earliest, a producer said. In the meantime, premiums are likely to trade sideways, he said. ....




Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results