Copper cathode premiums decrease
Feb 12, 2013 | 04:17 PM
| Suzy Waite
Tags
copper,
copper cathode,
copper premiums,
copper prices,
Chinese New Year,
London Metal Exchange,
LME,
warehouse stocks
building wire
NEW YORK — Lethargic copper cathode demand pushed AMM’s spot premiums lower Feb. 12.
Free-market copper cathode premiums dipped to 4.5 to 5.5 cents per pound from 5 to 6 cents previously, the first time premiums fell to this range since early March 2012.
"Premiums are pretty low," according to one consumer, who bought a small spot load at a premium that was below 5 cents.
Spot demand for copper cathode, which has already been quiet so far in 2013, has been particularly low due the Chinese New Year holiday, which began Feb. 10.
"That’s over 40 percent of the market out of the market," a second consumer told AMM.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here