Fastmarkets to launch three new China copper scrap grades, increase frequency

After a consultation, Fastmarkets will increase the CIF China copper scrap publication frequency from monthly to weekly and add three new grades: millberry, cobra and clove.

The amendments, noted in italics, for the two existing grades are as follows:

MB-CU-0512 No1 copper wire/material, RCu-2A,1B (candy/berry), cif China, LME discount, US cents per lb
Quality: Definitions of RCu-2A and RCu-1B as stipulated in China’s GB per tonne 38471-2023 document. RCu-2A (#1 copper materials, ISRI code candy) requires a minimum copper content of 99.2%, less than 0.5% non-metallic inclusions and less than 0.2% hazardous content. RCu-1B (#1 copper wire, ISRI code berry) requires a minimum copper content of 99%, less than 0.5% non-metallic inclusions and less than 0.2% hazardous content
Quantity: Min 25 tonnes
Location: CIF Chinese ports (Shanghai, Guangdong, Zhejiang, Tianjin, Shandong)
Timing: Within 5 weeks
Unit: US cents per lb
Payment: Cash against documents, letter of credit, telegraphic transfer; other terms normalized
Publication: , Monday, 3-4pm UK time.

MB-CU-0360 No2 copper wire/material, RCu-1C, 2B (birch/cliff), cif China, LME discount, US cents per lb
Quality: Definitions of RCu-1C and RCu-2B as stipulated in China’s GB per tonne 38471-2023 document. RCu-1C (#2 copper wire, ISRI code birch) requires a minimum copper content of 97%, less than 0.8% non-metallic inclusions and less than 0.3% hazardous content. RCu-2B (#2 copper materials, ISRI code cliff) requires a minimum copper content of 97%, less than 0.8% non-metallic inclusions and less than 0.3% hazardous content.
Quantity: Min 25 tonnes
Location: CIF Chinese ports (Shanghai, Guangdong, Zhejiang, Tianjin and Shandong)
Timing: Within 5 weeks
Unit: US cents per lb
Payment: Cash against documents, letter of credit, telegraphic transfer; other terms normalized
Publication: Weekly, Monday, 3-4pm UK time.

In addition, Fastmarkets will launch assessments for the following grades:

MB-CU-0517 Bare bright copper wire, RCu-1A (barley/millberry), cif China, LME discount, US cents per lb
Quality: Definitions of RCu-1A as stipulated in China’s GB per tonne 38471-2023 document. RCu-1A (bare bright wire, ISRI code barley, also known as millberry) requires a minimum copper content of 99.7%, less than 0.3% non-metallic inclusions and less than 0.2% hazardous content.
Quantity: Min 25 tonnes
Location: CIF Chinese ports (Shanghai, Guangdong, Zhejiang, Tianjin, Shandong)
Timing: Within 5 weeks
Unit: US cents per lb
Payment: Cash against documents, letter of credit, telegraphic transfer; other terms normalized
Publication: Weekly, Monday, 3-4pm UK time.

MB-CU-0518 No1 copper wire nodules, RCu-3A (Clove), cif China, LME discount, US cents per lb
Quality: Definitions of RCu-3A as stipulated in China’s GB per tonne 38471-2023 document. RCu-3A (#1 copper nodules, ISRI code clove) requires a minimum copper content of 99.7%, less than 0.3% non-metallic inclusions and less than 0.2% hazardous content.
Quantity: Min 25 tonnes
Location: CIF Chinese ports (Shanghai, Guangdong, Zhejiang, Tianjin, Shandong)
Timing: Within 5 weeks
Unit: US cents per lb
Payment: Cash against documents, letter of credit, telegraphic transfer; other terms normalized
Publication: Weekly, Monday, 3-4pm UK time.

MB-CU-0519 No2 copper wire nodules, RCu-3B (Cobra), cif China, LME discount, US cents per lb
Quality: Definitions of RCu-3B as stipulated in China’s GB per tonne 38471-2023 document. RCu-3B (#2 copper nodules, ISRI code cobra) requires a minimum copper content of 98%, less than 0.8% non-metallic inclusions and less than 0.3% hazardous content.
Quantity: Min 25 tonnes
Location: CIF Chinese ports (Shanghai, Guangdong, Zhejiang, Tianjin, Shandong)
Timing: Within 5 weeks
Unit: US cents per lb
Payment: Cash against documents, letter of credit, telegraphic transfer; other terms normalized
Publication: Weekly, Monday, 3-4pm UK time.

These prices are part of the scrap package.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to these prices, please contact pricing@fastmarkets.com and metalsrecycling@fastmarkets.com. Please add the subject heading “re: CIF China copper scrap.”

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 Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.