US copper premiums soften in quiet market
Jan 30, 2013 | 02:12 PM
| Suzy Waite
Tags
Copper,
premiums,
spot cathode,
building wire,
construction,
automotive,
Suzy Waite
NEW YORK — U.S. spot copper premiums weakened Jan. 30 in what most traders and consumers described as an "eerily quiet" market.
AMM’s spot copper cathode premiums narrowed to a range of 5 to 6 cents per pound from 5 to 6.5 cents previously.
Consumers stocked up late last year and haven’t needed to purchase spot material yet, sources said.
"Some of our consumers told us to give them a call in March to see how things are going. They didn’t seem too optimistic between now and then," one trader said. ....
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