Copper Market Likely to be Bullish in 2014

CHEMMONITOR.COM - The European copper cathode market is currently poor and tight, with the prospects to be bullish in 2014. Germany-based copper company Aurubis AG set its current premium indications in Asia at about USD 200 per metric ton and at USD 210 per metric ton in Europe.

Weekly copper premiums are estimated between USD 170 and USD 190 per metric ton CFR China plus LME cash price. The difference between prices on a CIF basis and CFR basis is slight.