Launch of Southeast Asian EQ copper cathode premium

Fastmarkets launches MB-CU-0513 copper cathode equivalent grade (EQ), cif Southeast Asia, $/tonne on Tuesday February 20.

Fastmarkets has launched a weekly assessment for the EQ copper cathode premium on a CIF Southeast Asia basis, with the aim to bring greater transparency to the copper cathode market in the region.

The launch follows a one-month consultation.

EQ copper cathodes conform to the specifications set out for London Metal Exchange-registered grade A copper cathodes, but are not registered brands on any global metals exchange.

The specifications for the new assessment are as follows:

MB-CU-0513 Copper cathode equivalent grade, cif Southeast Asia, $/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: 25 tonnes
Location: cif ports of Vietnam (Ho Chi Minh/ Haiphong), Thailand (Bangkok, Laem Chabang), Malaysia (Johor, Port Klang), Indonesia (Jakarta), duty-unpaid premium on top of LME cash prices
Timing: Within 6 weeks
Unit: USD per tonne
Payment terms: LC, TT, DP or other payments normalized.
Publication: Weekly, every Tuesday 4pm London time.

This assessment will be part of the Fastmarkets base metals package.

To provide feedback on Southeast Asian equivalent grade copper cathode premium assessment, or if you would like to provide price information by becoming a data submitter to this premium, please contact Sally Zhang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sally Zhang, re: Copper cathode equivalent grade CIF Southeast Asia.”

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

What to read next
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments, as part of its announced annual methodology review process.
German copper producer Aurubis is among the least likely to consider reducing capacity despite record low treatment charges (TCs), according to its chief executive officer
European copper demand, particularly for wire rod, remains strong and seems to be outpacing broader macro-economic growth in the region, the chief executive officer of German producer Aurubis has said.
The process to place the smaller and less efficient of the two processing plants at Los Bronces on care and maintenance is expected to be completed by mid-2024 and comes as the company pushes value over volume, the chief executive officer of Anglo American Chile said
The near-term prospects for Chinese copper smelting capacity amid near-zero treatment charges (TCs) will, to a certain extent, depend on plants’ exposure to spot TCs, the chief executive officer of Rio Tinto’s copper division said on Tuesday, April 16