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.

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