China copper premiums tumble on bearish mood; US market static [corrected]

Chinese market participants were inactive in importing copper cathode during the week to Tuesday August 1 due to a sustained arbitrage loss, while premiums in Southeast Asia and the United States were unchanged amid a lack of spot activity.

Trading sentiment among Chinese market participants weakened as a result of a bigger import arbitrage loss after the copper price on London Metal Exchange rose, source told Fastmarkets.



Sally Zhang

Yasemin Esmen

August 02, 2023

09:57 GMT

New York, Shanghai