Spot premiums are being quoted in a $40-80/t range while premiums for SX-EW cathode are quoted at $40-50/t this week, compared to $50-60/t and $10-20/t quoted two weeks ago. The main reason for the increase was the recent decline in LME prices driven by news related to the Japanese earthquake and an improvement in the SHFE/LME arbitrage.
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