Copper premiums hold firm as mart seeks Comex cues

Mar 28, 2014 | 06:10 PM | Saranya Kapur

Tags  copper cathode, copper premiums, copper, copper prices, Comex, Saranya Kapur

NEW YORK — Delivered premiums for copper cathode remained unchanged as buyers and sellers are adopting a wait-and-see attitude over volatility in Comex copper prices.

Copper cathode premiums held steady at 6.5 to 7.5 cents per pound March 27.

The May-delivery Comex copper contract has dropped 6.9 percent over the past month, settling at $2.993 per pound March 28 from $3.2145 per pound March 4.....

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