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This follows a consultation period which started on Wednesday May 11 and ended on Wednesday June 8.
The amendment means the next publication of warrant premium assessments will take place on Wednesday June 22 and once every two weeks from then on.
Liquidity in warrant trades has been declining recently due to low stock levels at LME warehouses, with some locations not regularly active.
LME warrants are bearer documents of title, of a specified brand, of a specified lot of metal in a specified location and in a warehouse registered with the LME. Fastmarkets assesses premiums for locations globally and for six non-ferrous base metals (copper, aluminium, nickel, zinc, lead and tin).
The premium assessments affected are:MB-AL-0333 Aluminium P1020A warrant premium, in-whs Southeast Asia, $ per tonneMB-AL-0334 Aluminium P1020A, warrant premium, in-whs East Asia, $ per tonneMB-AL-0338 Aluminium P1020A warrant premium, in-whs US, $ per tonneMB-CU-0377 Copper grade A cathode warrant premium, in-whs US, $ per tonneMB-CU-0397 Copper grade A cathode warrant premium, in-whs Southeast Asia, $ per tonneMB-CU-0398 Copper grade A cathode warrant premium, in-whs East Asia, $ per tonneMB-CU-0400 Copper grade A cathode warrant premium, in-whs North Europe, $ per tonneMB-CU-0401 Copper grade A cathode warrant premium, in-whs South Europe, $ per tonneMB-NI-0137 Nickel min 99.8% full plate warrant premium, in-whs Southeast Asia, $ per tonneMB-NI-0138 Nickel min 99.8% briquette warrant premium, in-whs Southeast Asia, $ per tonneMB-NI-0139 Nickel min 99.8% full plate warrant premium, in-whs East Asia, $ per tonneMB-NI-0140 Nickel min 99.8% briquette warrant premium, in-whs East Asia, $ per tonneMB-NI-0141 Nickel min 99.8% warrant premium, in-whs North Europe, $ per tonneMB-PB-0097 Lead 99.97% ingot warrant premium, in-whs US, $ per tonneMB-PB-0105 Lead min 99.97% ingot warrant premium, in-whs Southeast Asia, $ per tonneMB-PB-0106 Lead min 99.97% ingot warrant premium, in-whs East Asia, $ per tonneMB-PB-0109 Lead 99.97% ingot warrant premium, in-whs North Europe, $ per tonneMB-PB-0110 Lead 99.97% ingot warrant premium, in-whs South Europe, $ per tonneMB-SN-0042 Tin min 99.85% ingot warrant premium, in-whs South East Asia, $ per tonneMB-ZN-0104 Zinc SHG min 99.995% warrant premium, in-whs US, $ per per tonneMB-ZN-0117 Zinc SHG min 99.995% warrant premium, in-whs North Europe, $ per tonneMB-ZN-0123 Zinc SHG min 99.995% warrant premium, in-whs Southeast Asia, $ per tonne
If you would like to provide price information by becoming a data submitter to any of the warrants premiums, please contact Alice Mason by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Alice Mason/Callum Perry, re: LME warrants premiums.’
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology