Copper premiums could feel pressure

Aug 15, 2014 | 08:04 PM | Saranya Kapur

Tags  copper, copper premiums, Comex, Shanghai Futures Exchange, Michael Widmer, Bank of America Merrill Lynch, Saranya Kapur

NEW YORK — Copper premiums remain steady at 6 to 6.5 cents per pound, but market participants believe downward pressure is imminent as consumers pause to see where Comex prices will land.

The most actively traded September-delivery Comex copper contract settled at $3.091 per pound Aug. 14, its lowest level since June 19—when it settled at $3.0785 per pound—and down 2.7 percent from $3.176 per pound one week earlier.....

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