Fastmarkets has launched a weekly assessment for the EQ copper cathode premium on a CIF Southeast Asia basis, with the aim to bring greater transparency to the copper cathode market in the region.
The launch follows a one-month consultation.
EQ copper cathodes conform to the specifications set out for London Metal Exchange-registered grade A copper cathodes, but are not registered brands on any global metals exchange.
The specifications for the new assessment are as follows:
MB-CU-0513 Copper cathode equivalent grade, cif Southeast Asia, $/tonne
Quality: 99.9935% min copper conforming to LME specifications; Ag: 0.0025% max, As: 0.0005% max, Bi: 0.00020% max, Fe: 0.0010% max, Pb: 0.0005% max, S: 0.0015% max, Se: 0.00020% max, Te: 0.00020% max
Quantity: 25 tonnes
Location: cif ports of Vietnam (Ho Chi Minh/ Haiphong), Thailand (Bangkok, Laem Chabang), Malaysia (Johor, Port Klang), Indonesia (Jakarta), duty-unpaid premium on top of LME cash prices
Timing: Within 6 weeks
Unit: USD per tonne
Payment terms: LC, TT, DP or other payments normalized.
Publication: Weekly, every Tuesday 4pm London time.
This assessment will be part of the Fastmarkets base metals package.
To provide feedback on Southeast Asian equivalent grade copper cathode premium assessment, or if you would like to provide price information by becoming a data submitter to this premium, please contact Sally Zhang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sally Zhang, re: Copper cathode equivalent grade CIF Southeast Asia.”
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.
