MarketThe Kobeissi LetterMon 2 Nov, 00:22:10

Copper import premiums surge to record highs amid supply squeeze

Summary

Written by Decryptr from the source

The China/LME copper import premium has exceeded $200/ton (record), with spot vs 3-month futures spread at $217/ton. Drivers cited include strong Chinese demand, low inventories, and tariff-driven flows toward the US.

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The Kobeissi Letter, 3 hr ago.

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