GLOBAL COPPER WRAP: Shanghai premiums rebound; Italy level at lowest since Jan 2018

摘要

Shanghai copper premiums were supported on Tuesday March 12 bytight Chilean supply and while traders stockpiled material ahead ofan expected tax cut in May, while the Italian premium fell to itslowest level in 14 months.- Shanghai premiums recover on short supply of high-gradeChilean brand cathodes and an expected value-added tax cut- European copper market remains quiet due to LME spreadbackwardation, while the Italian premium dropped to a January2018 low- The US copper cathode premium remains stable at high leveldespite anticipated influx of Chinese material.