European refined copper premiums still adjusting to recent rises; China premiums under pressure

European copper premiums continued to respond to the unprecedented increase in long-term contract levels in the week to Tuesday February 7, while those in China faced downward pressure due to limited buying and there was no movement in the US.

Europe

The European refined copper market is continuing to re-adjust to the new reality of higher long-term contracts, sources told Fastmarkets in the two weeks to Tuesday February 7. One...

Published

Sally Zhang

Yasemin Esmen

Albert Mackenzie

February 08, 2023

16:05 GMT

London, Shanghai, New York