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
Jeddah in Saudi Arabia and Port of Sohar in Oman are becoming tactical workarounds for base metal exports blocked by the Strait of Hormuz closure, with cargo transiting via land-bridge to other Gulf states, such as Bahrain and the United Arab Emirates – though capacity constraints and elevated logistics costs limit availability, sources with direct visibility of Gulf supply chains told Fastmarkets.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its European PIX Paper indices as part of its announced annual methodology review process.
This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review […]
The publication of Fastmarkets’ assessments for copper grade A cathode warrant premiums and aluminium P1020A warrant premiums was delayed on Wednesday March 11 because of a procedural lapse. Fastmarkets’ pricing database has been updated.
Lundin Mining and BHP published a preliminary economic assessment on February 16 for their Vicuña joint venture, projecting average annual copper production of 395,000 tonnes over the first 25 years of operation as Argentina’s copper concentrate pipeline continues to build. PSJ Cobre Mendocino separately confirmed on February 14 that its feasibility study was under way.
This decision was proposed in a methodology note published on February 9, which you can view here. This decision follows preliminary discussions with the market as well as internal meetings to review relevant Fastmarkets data, which suggested that there was low spot liquidity and price volatility. No negative feedback was received during the consultation period. The […]