Fastmarkets has corrected its Shanghai copper cathode premiums, which were published in error on December 25 and December 28.
Fastmarkets published prices for registered copper cathode premiums on a seaborne and in-warehouse basis for the Shanghai market outside of its pricing calendar, and has now removed this information.
Fastmarkets prices commodity-grade base metal premiums on days when the London Metal Exchange trades.
Reporters analyzed and published prices on Friday December 25 and Monday December 28, which were public holidays in England and Wales so, therefore, should not have been published.
Prices published for the following markets on those days have subsequently been removed from the system and will not count toward monthly average calculations for December.
MB-CU-0405 - Copper grade A cathode premium, in-whs Shanghai, $/tonneMB-CU-0383 - Copper grade A cathode ER premium, bonded in-whs Shanghai, $/tonneMB-CU-0382 - Copper grade A cathode SXEW premium, bonded in-whs Shanghai, $/tonneMB-CU-0403 - Copper grade A cathode premium, cif Shanghai, $/tonneMB-CU-0380 - Copper grade A cathode ER premium, cif Shanghai, $/tonneMB-CU-0384 - Copper grade A cathode SX-EW premium, cif Shanghai, $/tonneFor more information or to become a data submitter to Fastmarkets' copper premiums, please contact Archie Hunter by email at: pricing@fastmarkets.com. Please add the subject heading 'FAO: Archie Hunter, re: Shanghai copper premiums.'
To see all Fastmarkets' pricing methodology and specification documents go to
www.fastmarkets.com/about-us/methodology.