Correction to pricing rationale of Fastmarkets’ copper grade A cathode premium, cif Shanghai

Fastmarkets has corrected the pricing rational for MB-CU-0403 copper grade A cathode premium, cif Shanghai, which was published incorrectly on Tuesday March 5. No premiums were corrected.

The rationale has been corrected to show that the ER and SX-EW premiums should have been $55-62 per tonne and $45-55 per tonne respectively, rather than unchanged as initially stated.

There was no change to the final assessment for MB-CU-0403 copper grade A cathode premium, cif Shanghai, which was published correctly at $45-62 per tonne on Tuesday.

The rationale after amendments is as below:

ER premium was assessed at $55-62/t, against $50-60/t a day earlier. An offer was at $78/t for CCCP cathodes arriving in late March. A trader assessed ER market $55-62/t, and another three traders assessed at $50-60/t.

SX-EW premium was assessed at $45-55/t, against $45-50/t a day earlier. An offer was at $55/t, with no business heard. A trader assessed SX-EW market at $50-55/t, and another two traders saw it at $45-50/t.

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to these prices, please contact Sally Zhang by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Sally Zhang Re: Shanghai copper cathode CIF premium.”

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.

What to read next
The influential annual treatment and refining charge (TC/RC) benchmark that sets the price that smelters charge miners to process their copper concentrate could be at risk, according to multiple market sources, although most believe the system, or elements of it, will remain
After a consultation period, Fastmarkets has amended the pricing frequency of its MB-STE-0141 steel billet import, cfr Manila, $/tonne, price assessment from a daily basis to twice per week.
Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.
Fastmarkets proposes to amend its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.
Fastmarkets proposes to amend its MB-STE-0896 steel slab import, cif Italy, $/tonne price assessment.
The publication of the following prices was delayed on Tuesday April 30 due to technical issues. Fastmarkets’ pricing database has been updated.