Sources: Codelco Cuts 2017 Copper Premiums down to $72 to Chinese Buyers

Nov 14, 2016 11:22

Source:SMM

Codelco has decided to slash its 2017 copper premiums to $72 to Chinese buyers, sources reported.

SHANGHAI, Nov. 14 (SMM) – Codelco has decided to slash its 2017 copper premiums to $72 to Chinese buyers, latest sources reported.

The premiums are slightly higher than the previous level of $70 rumored in late October, but much lower than 2016’s term premiums.

Codelco, the world's biggest copper miner, offered a premium of $98 per tonne for 2016 term shipments to Chinese buyers, and $92 to European buyers.

According to SMM data, Yangshan copper premiums averaged at $62.18 from Jan. 1 to Nov. 14 this year, down from $80.72 during the same period of 2015.

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn.

copper premiums

codelco

2017 copper premiums

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Sources: Codelco Cuts 2017 Copper Premiums down to $72 to Chinese Buyers

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo