PRICING NOTICE: Metal Bulletin keeps Shanghai-bonded copper stocks assessments fortnightly

Metal Bulletin has kept the frequency of its Shanghai-bonded copper stocks assessment unchanged on a bi-weekly basis.

Metal Bulletin assesses Shanghai-bonded copper stocks fortnightly. After receiving market feedback during a one-month consultation, Metal Bulletin has decided to maintain the same frequency to closely follow the market.

Metal Bulletin has taken note of some requests to increase the assessment and publication of Shanghai bonded copper stocks to weekly and will consider if this is possible in the future.

To provide feedback on this notice to maintain the frequency of this assessment, please contact Ellie Wang by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Ellie Wang, re: Shanghai bonded copper stocks.

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

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.
The Mexican aluminium market might be strongly affected by the closure of the Strait of Hormuz, with supply constraints and consequently higher premiums, market participants told Fastmarkets on Tuesday March 10.
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.
Chinese lead smelters turned more bearish on the procurement of raw materials in the week to Friday February 13, amid heightened price volatility in silver, which is often contained in lead ores as an important by-product and contributor to smelter profits, sources told Fastmarkets.
Roughly 40,000 tonnes per month of copper cathode that once flowed smoothly into the United Arab Emirates (UAE) through Jebel Ali had few options to reroute after the Strait of Hormuz officially closed on Monday March 2, with the only alternative entry points — Khor Fakkan and Fujairah — already straining under the weight of diverted cargo, market sources told Fastmarkets.
Navigating market volatility with data-driven strategies for resilient mining operations