PRICING NOTICE: Fastmarkets discontinues daily publication of SHFE vs LME physical arbitrage, data still updated in price book

Fastmarkets will cease the daily publication of its physical arbitrage for imports of copper, aluminium, zinc and nickel into China from April 1, 2019. The data will still appear in Fastmarkets’ price book on a daily basis as usual, however.

April 1, 2019

By Generic people page

Base metals Copper

Fastmarkets calculates the physical arbitrage for imports into China daily by using the Shanghai Futures Exchange front-month and London Metal Exchange three-month prices at 3pm Shanghai time, taking into account value-added tax (VAT) and import duties (where applicable), physical premiums and exchange rates at the time of the comparison.

Also on April 1, 2019, Fastmarkets adopted China’s latest announced VAT rate of 13% for its arbitrage calculation. For more details on the formula, please read this pricing notice.

If you have any comments on the discontinuation of the daily publication of the SHFE vs LME physical arbitrage, please contact Ellie Wang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Ellie Wang, re: Discontinuation of daily publication of SHFE vs LME physical arbitrage”.

To see all Fastmarkets’ pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next

Launch of European domestic aluminium extrusion scrap assessments

Fastmarkets has launched two price assessments for aluminium extrusion scrap for the European domestic market.

October 15, 2024

·

By Ross Yeo

Delayed publication of Aluminium P1020A (MJP) spot premium

The publication of Fastmarkets’ MB-AL-0343 Aluminium P1020A spot premium, cif main Japanese ports (MJP) assessment for October 9 was delayed because of a technical error. Fastmarkets’ pricing database has been updated.

October 14, 2024

·

By Chay Chye Leng

Electric car charge sign with wind turbines on background

Hydro increases US recycling capacity, R&D efforts amid growing interest for low-carbon aluminium

The aluminium producer Hydro has been focusing its research and development (R&D) efforts in the US on increasing its recycling-based extrusion ingot production, Hydro Aluminium Metals USA president Duncan Pitchford told Fastmarkets.

October 14, 2024

·

By Luna Zhu

Architecture, Building, House

Copper prices in 2024 and 2025: a global overview and analysis

Copper's versatile applications and robust demand shape a complex global market outlook for 2024, with stable prices in the US, a mild recovery in China, and weak conditions in Europe, while Q4 forecasts suggest upward price pressure.

October 11, 2024

·

By the Fastmarkets team

Mining, Outdoors, Road

Base metals market insights from LME Week

Market participants shared insight into the market dynamics for copper, nickel, zinc, lead and tin during LME Week, which ran September 30-October 4

October 9, 2024

·

By Natasha Porter

Architecture, Building, Power Plant

Western reindustrialization could ‘unlock’ green demand: LME Week

The Western world’s industrial strength is beginning to drop, but Jakob Stausholm, chief executive officer of Rio Tinto, said at a London Metal Exchange seminar that there was “plenty of demand to be unlocked from reindustrialization.”

October 9, 2024

·

By Laura Roberts