MT: Shanghai copper premiums move down as financing deals become less atttractive
Copper premiums in Shanghai have edged down in thin spot trade as China’s interest rate cuts made financing deals less attractive.
Shanghai copper premiums have traded between $50 and $80 per tonne this week – with the high end of $80 hard to achieve – compared to the high of $90 achieved a month ago. The People's Bank of China cut interest rates early this month – the second time in two months it has reduced borrowing costs in an attempt to stimulate growth in the world’s second largest...
