Global copper premiums largely rangebound on low demand

Low demand globally kept the copper spot markets quiet and premiums generally within Fastmarkets’ current range in the week to Tuesday March 7. Meanwhile, an uptick in German industrial activity improved sentiment for future demand in the country, especially in the automotive sector.

• Spot interest in China still minimal due to import loss
• Fastmarkets’ copper import arbitrage calculation in Shanghai increases
• Cathode premium in Rotterdam inches upward

• Market participants in Germany see improved...

Published

Sally Zhang

Yasemin Esmen

Albert Mackenzie

March 08, 2023

18:35 GMT

New York, London, Shanghai