The results of a month-long consultation, market analysis and engagement showed support for the move, with Japan a major producer but a negligible importer of LME registered copper cathode brands.
The price to be discontinued is:
MB-CU-0385 - copper grade A cathode premium, cif Japan, $ per tonne, which is priced once a month.
The premium will be assessed for the final time on Tuesday December 29, after which it will be discontinued.
For more information or to become a data submitter to Fastmarkets' copper premiums, please contact Archie Hunter by email at: email@example.com. Please add the subject heading ‘FAO: Archie Hunter, re: Japan copper premiums.’
To see all Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.
Fastmarkets has decided to discontinue its copper cathode premium, cif Japan from the start of January.