Amendment to frequency of Shanghai equivalent-grade copper cathode premium

The change in frequency, which takes place from Thursday September 6, follows a one-month consultation starting on August 1, and will help to improve market transparency amid increased spot liquidity.

Chinese appetites for imported EQ copper cathode has been growing and, alongside improving import conditions and delays to shipments from Africa, this has boosted prices, leading to a year-to-date high of $25-35 per tonne in mid-August.

Fastmarkets’ latest assessment of the copper EQ cathode premium, cif Shanghai was $25-32 per tonne on Tuesday September 3.

The specifications for the premium, incorporating the frequency change in italics, are as follows:

MB-CU-0412 – Copper EQ cathode premium, cif Shanghai, $/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: Min 25 tonnes
Location: CIF Shanghai
Timing: Within 6 weeks
Unit: USD per tonne
Payment terms: LC, TT or DP other payments normalized to cash
Publication:Twice every week. Tuesday and Friday, 4pm London time

This premium is part of the Fastmarkets base metals package.

To provide feedback on this consultation, or if you would like to provide price information by becoming a data submitter to the Shanghai EQ copper cathode premium, please contact Sally Zhang by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Sally Zhang, re: Shanghai EQ premium.”

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 of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.