Sources: Codelco Cuts 2017 Copper Premiums down to $72 to Chinese Buyers -Shanghai Metals Market

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

Industry News 11:22:51AM Nov 14, 2016 Source:SMM

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.

Price

more
#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

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

Industry News 11:22:51AM Nov 14, 2016 Source:SMM

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.