GLOBAL COPPER WRAP: China premiums hit 6-month low; high LME price, tight spreads keep US, Europe markets stable

摘要

Domestic Chinese copper cathode premiums dropped sharply in the week to Tuesday September 1 to their lowest level in six months, while a climbing outright metal price and tight forward spreads kept premiums in Europe and the United States unchanged. ? Demand falters in China amid oversupply ? European cathode availability high; market quiet ? Rio Tinto’s Kennecott mine closure keeps US market on edge