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The cif Europe and cif China price assessments will support Fastmarkets’ current benchmarks in Grade A exchange-deliverable markets.
Demand and pricing interest in EQ cathodes has risen since China’s decision to restrict high-quality scrap metal imports and since copper processing companies began to upgrade technology to deal with lower-grade material.
The specifications for the premium assessments are as follows:
Copper cathode equivalent grade, cif Europe 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: Min 25 tonnes Location: cif Europe Timing: Within 4 weeks Unit: USD per tonne Payment terms: Cash payment, other terms normalized Publication: Fortnightly, Tuesday 4pm London time
Copper cathode equivalent grade, cif Shanghai 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: Min 25 tonnes Location: cif Shanghai Timing: Within 6 weeks Unit: USD per tonne Payment terms: LC, TT or DP, other payments normalized to cash Publication: Fortnightly, Tuesday 4pm London time
Fastmarkets hopes to bring needed price discovery and transparency to these markets and encourages those participating as buyers or sellers to get in touch with either Hassan Butt or Sally Zhang by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Hassan Butt, re: Copper cathode equivalent grade cif Europe’ or ‘FAO: Sally Zhang, re: Copper cathode equivalent grade cif Shanghai’.
To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.