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After a consultation period, Fastmarkets has amended the pricing frequency of four European copper cathode premiums – grade A delivered Germany; grade A, CIF Leghorn; grade A, CIF Rotterdam; and the copper EQ cathode premium, CIF Europe.
Following the consultation, which ended on Tuesday December 30, Fastmarkets has amended the frequency from fortnightly to weekly, on Tuesdays, with the first publication on a weekly basis taking place on December 30.
The new specifications are listed below, with the amended frequency in italics
MB-CU-0369 Copper grade A cathode premium, cif Rotterdam, $ per tonneQuality: Grade A cathode 99.9935% min copper conforming to LME specifications BS EN 1978:1998 – Cu[1]CATH-1Quantity: Min 25 tonnesLocation: CIF delivery in Rotterdam, duty unpaid premium on top of LME cash pricesTiming: Within 4 weeksUnit: USD per tonnePayment terms: Cash, other payment terms normalizedPublication:Weekly. Tuesday, 3-4pm London timeNotes: Exchange deliverable units. Fastmarkets may consider relative values of the same commodity in different regions for normalization.
MB-CU-0406 Copper grade A cathode premium, cif Leghorn, $ per tonneQuality: Grade A cathode 99.9935% min copper conforming to LME specifications BS EN 1978:1998 – Cu[1]CATH-1Quantity:Min 25 tonnesLocation: CIF delivery in Leghorn (Italy), duty unpaid premium on top of LME cash prices Timing: Within 4 weeksUnit: USD per tonnePayment terms: Cash, other payment terms normalizedPublication:Weekly. Tuesday, 3-4pm London timeNotes: Assessed range and single number Exchange deliverable units. Fastmarkets may consider relative values of the same commodity in different regions for normalization.
MB-CU-0372 Copper grade A cathode premium, delivered Germany, $ per tonneQuality: Grade A cathode 99.9935% min copper conforming to LME specifications BS EN 1978:1998 – Cu[1]CATH-1Quantity: Min 25 tonnesLocation: Delivered consumer works in Germany, duty unpaid premium on top of LME cash pricesTiming: Within 4 weeksUnit: USD per tonnePayment terms: Cash, other payment terms normalizedPublication:Weekly. Tuesday, 3-4pm London timeNotes: Exchange deliverable units. Fastmarkets may consider relative values of the same commodity in different regions for normalization.
MB-CU-0411 Copper EQ cathode premium, cif Europe, $/tonneQuality: 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% maxQuantity: Min 25 tonnesLocation: CIF EuropeTiming: Within 4 weeksUnit: USD per tonnePayment terms: Cash payment, other terms normalizedPublication:Weekly. Tuesday 4pm London timeNotes: Non-exchange deliverable units
Following the consultation, the quantity for MB-CU-0406 Copper grade A cathode premium, CIF Leghorn, has also been clarified as a minimum of 25 tonnes.
In the pricing notice published December 12 the introductory paragraph did not state the copper grade A cathode premium, CIF Rotterdam would be included in the change to pricing frequency, although that premium is mentioned later in the same pricing notice.
Full information on the change of specifications for copper EQ cathode premium, cif Europe were also not included in the notice on December 12, but they have been included in this notice.
These prices are a part of the Fastmarkets base metals price package.
To provide feedback or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and basemetals@fastmarkets.com. Please add the subject heading “re: Europe copper cathode premiums.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.