Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Codelco keeps 2020 China copper premium unchanged at $88/mt

Codelco keeps 2020 China copper premium unchanged at $88/mt

Oct 9, 2019 10:40

Source:SMM

This is the same level as for 2019, but much higher than the average for spot trades so far this year

SHANGHAI, Oct 9 (SMM) – Chile's Codelco, the world's largest copper producer, has agreed a premium of $88/mt for 2020 copper cathode supply with some Chinese buyers, SMM learned.

The annual benchmark, on a cif Shanghai basis, is the same level as for 2019, but much higher than the average for spot trades so far this year.

Most Chinese consumers told SMM that they may cut their purchase volumes under long-term contracts, in view of relatively high benchmark premiums.

Codelco also kept its copper premium to European buyers for 2020 supply unchanged from 2019, at $98/mt cif Rotterdam.

Its US copper premium climbed to 3.1 cents/lb for 2020 supply, the highest since 2016, as freight charges rose.

Copper

Copper concentrate

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

Related news

Shanghai bonded copper stocks fell 6,900 mt on week

SMM data showed that the stocks fell 6,900 mt from the prior week to 428,600 mt as of Friday July 23.

time

Jul 23, 2021 17:31

Shanghai bonded copper stocks fell 6,900 mt on week

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

time

Jul 19, 2021 18:00

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

time

Jul 19, 2021 16:36

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

SHFE nonferrous metals all went up today as China’s power curtailment expanded to many regions, and US expectation of interest rate hikes intensified.

time

Jul 16, 2021 18:37

SMM Evening Comments (Jul 16): Shanghai nonferrous metals rose across the board amid wider power curtailment

Shanghai bonded copper stocks fell 4,300 mt on week

SMM data showed that the stocks fell 4,300 mt from the prior week to 435,500 mt as of Friday July 16.

time

Jul 16, 2021 13:24

Shanghai bonded copper stocks fell 4,300 mt on week

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

time

Jul 15, 2021 10:00

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

time

Jul 12, 2021 10:00

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

SMM Evening Comments (Jul 9): Shanghai nonferrous metals closed mixed, lead fell 0.79

SHFE nonferrous metals, except for copper and lead, all went up today, amid the shrinking increase in China’s CPI and PPI. Nickel rose 2.61% to lead the gains, aluminium increased 0.32%, zinc went up 0.58%, and tin advanced 1.38%, while copper fell 0.14% and lead shed 0.79%.

time

Jul 9, 2021 18:45

SMM Evening Comments (Jul 9): Shanghai nonferrous metals closed mixed, lead fell 0.79

SMM Morning Comments (Jun 30): Shanghai base metals rose across the board as global investors looked to US jobs data

Shanghai base metals were mostly higher on Wednesday morning as global investors monitored the spread of the delta Covid-19 variant and awaited key economic data out of the US. Meanwhile, their counterparts on the LME also rose for the most part.

time

Jun 30, 2021 10:00

SMM Morning Comments (Jun 30): Shanghai base metals rose across the board as global investors looked to US jobs data

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

Shanghai base metals mostly cruised lower on Tuesday morning despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. Meanwhile, their counterparts on the LME traded mixed.

time

Jun 29, 2021 10:00

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
16
- 2024 （13TH）SMM METAL INDUSTRY ANNUAL CONFERENCE
  Oct 16 - 18,2024
  Xining, Qinghai, China

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

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.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.