European copper premiums under pressure; import conditions favorable in China

European spot copper market participants noted challenging market conditions in the week to Tuesday August 22, with financing costs and weak demand putting downward pressure on premiums.

Weak demand also weighed on copper premiums in the United States over the period, while the Chinese spot market continued to experience an uptick in activity following improved import terms...


Rijuta Dey Bera

Sally Zhang

Albert Mackenzie

August 23, 2023

11:18 GMT

London, Shanghai, New York