Fastmarkets is issuing a consultation on its proposal to discontinue pricing the physical copper cathode premiums on a seaborne basis to Japan.
Japan is a major producer of grade A registered refined copper cathodes and exports more than half-a-million tonnes per year of refined copper, importing only negligible amounts.
The price to be discontinued is:
MB-CU-0385-
copper grade A cathode premium, cif Japan, $ per tonne, which is priced once a month.
The consultation period for this price discontinuation will begin on Tuesday November 24 and will end on December 23, with changes taking place, subject to market feedback, from December 29.
To provide feedback on the proposal to discontinue, or if you would like to provide price information by becoming a data submitter to the Japan copper premium, please contact Archie Hunter by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Archie Hunter, re: Japan copper premiums.'
To see all Fastmarkets' pricing methodology and specification documents, go to
www.fastmarkets.com/about-us/methodology.