SMM: according to SMM, the long single premium for electrolytic copper shipped by Codelco to China in 2020 is set at US $88 / ton, which is the same as the long single premium in 2019, far higher than the average spot price so far this year. Most buyers said the high premium of $88 per tonne would affect the signing of long orders for electrolytic copper next year. In addition, the long single premium for Codelco shipments to Europe in 2020 was $98 per tonne, flat in 2019, while the annual long single premium to the United States rose to a nearly three-year high of 3.1 cents per pound as freight rates rose.
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