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. ....

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