Warehouse incentives lift Europe’s copper premiums

Mar 13, 2013 | 11:32 AM | Mark Burton

Tags  copper premiums, copper, London Metal Exchange, LME, LME copper stocks, warehouse incentives, LME prices, copper scrap supply Mark Burton

LONDON — Copper premiums in northern Europe jumped at the start of this week as sellers boosted their offers in line with incentives of up to $100 per tonne offered by traders and warehouses to draw copper into the Belgian port of Antwerp.

Rotterdam copper premiums published by AMM sister publication Metal Bulletin rose to $60 to $100 per tonne March 11, where they remained as of March 13. That’s up from $50 to $90 per tonne March 8, as traders and producers said that they were quoting and booking in line with incentives offered in London Metal Exchange warehouses in Antwerp. ....

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