Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

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

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center 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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news

CSPT did not set Q2 guidance TC/RC for spot copper concentrate

The China Smelters Purchase Team (CSPT) held a first-quarter general manager's office meeting in Shanghai Pudong this morning.

time

Mar 26, 2021 11:59

CSPT did not set Q2 guidance TC/RC for spot copper concentrate

SMM Evening Comments (Jan 25): Nonferrous metals on the SHFE rose broadly, tin surged 4.09%

SHFE nonferrous metals rose for the most part on Monday January 25. Copper edged up 0.07%, zinc added 0.74%, lead jumped 2.91%, nickel advanced 0.88% and tin surged 4.09%, while aluminium shed 0.17%.

time

Jan 25, 2021 19:08

SMM Evening Comments (Jan 25): Nonferrous metals on the SHFE rose broadly, tin surged 4.09%

SMM Morning Comments (Dec 14): Nonferrous metals on the LME advanced across the board, the SHFE complex mixed

LME base metals rose across the board on Monday morning, while their counterparts on the SHFE set for a mixed start.

time

Dec 14, 2020 10:11

SMM Morning Comments (Dec 14): Nonferrous metals on the LME advanced across the board, the SHFE complex mixed

SMM Morning Comments (Dec 10): Shanghai base metals were mostly higher, while the LME complex fell for the most part

Nonferrous metals on the SHFE rose for the most part on Thursday morning, holding onto overnight gains, while their counterparts on the LME cruised lower mostly.

time

Dec 10, 2020 09:55

SMM Morning Comments (Dec 10): Shanghai base metals were mostly higher, while the LME complex fell for the most part

SMM Evening Comments (Dec 7): Shanghai nonferrous metals ended mixed, nickel rose 2.91%

SHFE nonferrous metals closed mixed on Monday November 7. Investor sentiment improved last week around coronavirus vaccine rollouts and U.S. stimulus hopes, which fueled a record-setting session Friday on Wall Street.

time

Dec 7, 2020 18:00

SMM Evening Comments (Dec 7): Shanghai nonferrous metals ended mixed, nickel rose 2.91%

Post-COVID-19 Copper Market: Between reality and expectation

Copper prices are expected to move higher amid recovering global economy and ample market liquidity.

time

Dec 4, 2020 16:30

SMM Comments SMM Insight Analysis

Post-COVID-19 Copper Market: Between reality and expectation

Medium-term copper market has broad prospects

The rebound in copper prices was attributable to the recovery of demand and supply trends in China since Q2, said Rio Tinto's Laure Baratgin.

time

Dec 4, 2020 10:37

Reminder SMM Insight

Medium-term copper market has broad prospects

Copper market transparency necessary for sustainable growth

In order to achieve a sustainable future, mining giant BHP urges for greater transparency in the pricing mechanisms in the copper market.

time

Dec 4, 2020 08:44

SMM Comments Analysis

Copper market transparency necessary for sustainable growth

SMM Morning Comments (Dec 2): Shanghai base metals mostly declined, the LME complex mixed

Nonferrous metals on the SHFE were mostly lower on Wednesday morning, while their counterparts on the LME set for a mixed start.

time

Dec 2, 2020 10:16

SMM Morning Comments (Dec 2): Shanghai base metals mostly declined, the LME complex mixed

SMM Morning Comments (Oct 29): Base metals broadly weakened amid worries about surging COVID-19 cases

Nonferrous metals on the SHFE and LME both fell broadly on Thursday morning, extending losses, as surging global COVID-19 cases triggered more restrictions and stoked concerns about economic recovery.

time

Oct 29, 2020 10:11

SMM Morning Comments (Oct 29): Base metals broadly weakened amid worries about surging COVID-19 cases

SMM Events & Webinars

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
  Oct 20 - 21,2025
  Xiamen, 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 © 2025 SMM Information & Technology Co., Ltd. All rights reserved.