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Yangshan copper premiums climb on rising demand
Apr 20,2018 15:12CST
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Source:SMM
Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.

SHANGHAI, Apr 20 (SMM) – Yangshan copper premiums have continued to climb since the start of 2018, staying at levels higher than the benchmark of $75/mt for the most part.

Offers with warehouse warrants were heard offered above $90/mt, SMM learned.

This is because a tighter copper scrap supply has boosted consumption of imported copper cathode, as the import arbitrage window was open for a longer period, SMM believes.

In addition, sellers were able to keep their offers high against the backdrop of a steep LME contango. Tighter credit situation this year in China also helped as market participants continued to use imported copper for financing.  

 


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Yangshan copper

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