China’s low copper premiums discourage spot offers; participants waiting for recovery

Extremely low premiums for imported copper cathodes have reduced Chinese suppliers’ interest in selling the red metal, resulting in a quiet market with limited spot units on offer, sources have told Fastmarkets.

Given that March is still two weeks away, not all suppliers have started offering cargoes, and the current low premiums provide no incentives for suppliers to sell their cargoes.

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Published

Sally Zhang

February 17, 2023

14:14 GMT

Shanghai