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The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand.
Specifically, Fastmarkets is proposing to discontinue:
MB-CU-0410 Copper rod premium, ddp Midwest US, US cents/lbQuality: Purity of 99.95-99.99%. Thicknesses of 8 millimeters or 0.3125 inchesQuantity: Min 25,000 poundsLocation: Delivered US MidwestUnit: US cents per lbPublication: Monthly, first Thursday of each month
This price is a part of the Fastmarkets Base Metals package.
All historical data relating to the assessment prior to the amendment will remain available in the pricing section of the Fastmarkets website.
The consultation period for this price discontinuation begins on Tuesday July 15 and will end on Wednesday October 8, with an update to this notice published on that day. Pending feedback, the next assessment on November 6 would not take place, nor any assessment thereafter.
To provide feedback on this proposal to discontinue this price, or if you would like to provide price information by becoming a data submitter to this price, please contact Rae Boyadjis by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Rae Boyadjis re: US copper rod premium.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.