COPPER WRAP: US market prepares for annual contract talks; availability of Russian metal sinks Rotterdam premium

摘要

The end of the Labor Day weekend in the US means the copper market is shifting into mating season, with plenty of obstacles to be navigated before 2019 annual contracts are finalized in the coming months.But the market is facing a swarm of bearish news, including the futures market trading around a fresh yearly low, looming threats of a global trade war and premium markets that have been stagnant since mid-July.