| Spot import offers for London Metal Exchange-registered brands of copper cathode on a CIF China basis inched up due to "normal price fluctuation" despite thin trade on the prevailing weak import interest, industry sources said Wednesday. Platts lifted its CFR China copper premiums assessment to $60-70/mt Wednesday, from $55-65/mt last week on higher indications heard in the market.
A Southeast Asian trader indicated the CIF China premiums at $60-70/mt, up around $5/mt from last week, as he had seen a slight pickup in demand from China market participants due to a brief arbitrage opportunity between the LME and Chinese copper prices. A second Southeast Asian trader, however, heard steady premiums around $65/mt...............................................Full Article: Source
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