PRICING NOTICE: Proposal to discontinue assessment of copper rod annual premium, cif Nhava Sheva

Fastmarkets proposes to discontinue its assessment of the copper rod annual premium, cif Nhava Sheva, due to a lack of liquidity and excessively long premium negotiation periods.

Annual premium negotiations between Indian buyers and international sellers can run for as long as seven months, making it very difficult for price reporters to capture deals and concentrate trade liquidity.

Fastmarkets generally focuses its price discovery process on spot assessments that can serve as reference or as a basis for settlement for market participants, rather than annual contract premiums. But we remain committed to offering more transparency on pricing in the global copper wire rod market and to expanding our current price suite, which includes a monthly assessment of the copper rod premium, ddp Midwest US, US cents per lb.

The price assessment being proposed for discontinuation is:
Copper rod annual premium, cif Nhava Sheva, $ per tonne

The consultation period for this price discontinuation will end one month from the date of this pricing notice, on October 24, with changes taking place, subject to market feedback, from October 25.

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to other copper prices, please contact Ellie Wang by email at: Please add the subject heading “FAO: Ellie Wang, re: Copper rod annual premium, cif Nhava Sheva.”

To see all Fastmarkets’ pricing methodology and specification documents, go to

What to read next
Saudi Arabia, through its spearheading of a mining and minerals production and consumption push in the Middle East, a region usually associated with oil and gas, is leading neighboring countries to increase their presence in the base metals markets
Indonesia is preparing to invest more in its aluminium supply chain as part of its wider critical metals strategy, Fastmarkets understands
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
Market sentiment remain mixed on whether the investigation will impact aluminium prices and production
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Aluminium premiums in all key regions remained well-supported in the week to Tuesday June 18, amid ongoing reports of tight availability, while market participants in Europe and Asia are focusing on ongoing negotiations for Japanese third-quarter supplies