SMM Official Announcement: Introduction of Democratic Republic of the Congo (DRC) USD Copper Premium (FCA) Price

Published: Feb 28, 2025 19:05

Source: SMM

Save

Official Announcement

To Our Valued Customers,

With the gradual expansion of copper cathode production capacity in Africa, the transactional synergy between the Chinese market and the African copper cathode market continues to strengthen. To align with these market developments, Shanghai Metals Market (SMM) hereby announces the introduction of the DRC USD Copper Premium (FCA) effective from March 7, 2025, following extensive market research and analysis.

SMM Pricing Methodology Framework
As an independent third-party service provider, SMM does not engage in any physical transactions. Instead, we act as market observers and facilitators, maintaining close communication with buyers and sellers to deliver reliable market services. SMM continuously refines its methodology through industry engagement, adhering to widely recognized product specifications, trade terms, and transaction conditions. All qualifying market data receives equal consideration, while SMM reserves the right to exclude information deemed unrepresentative or unreliable.

Daily SMM Price Publications
SMM publishes daily spot metal prices (or indices) covering domestic, international, and global markets. Each SMM price is governed by a transparent methodology, accessible on our official website (www.smm.cn). These methodologies define the procedures for price generation and dissemination, which SMM strictly adheres to.

To reflect evolving market dynamics, SMM may periodically revise its methodologies, with advance notice provided on our website. For inquiries or feedback regarding SMM prices or methodologies, please contact our customer service team via the contact details listed on www.smm.cn.

Shanghai Metals Market
Empowering Markets with Transparency and Precision

Cathode materials

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

42 mins ago

Delivery support and resistance to high prices coexisted, while Shanghai spot copper spot premiums remained generally stable [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] As delivery approached, the inter-month Contango price spread remained around 300 yuan/mt, and suppliers were still willing to ship to delivery warehouses, providing strong support for SHFE copper spot premiums. Demand side, downstream enterprises maintained just-in-time procurement, offering some support to prices, but during the day some downstream enterprises showed limited acceptance of spot copper with high premiums, and procurement turned more cautious; supply side, domestic copper and previously price-locked imported cargoes continued to arrive, while social inventory remained at a high level. According to SMM, social inventory in Shanghai this week was basically flat from the beginning of the week. Overall, under delivery-driven market logic, SHFE copper spot premiums were expected to remain in premium territory tomorrow.

42 mins ago

1 hour ago

Suppliers Actively Held Prices Firm, but Downstream Purchasing Was Not as Strong as Yesterday [SMM South China Spot Copper]

1 hour ago

Spot Premiums Rose While Market Activity Cooled [SMM North China Spot Copper]

In North China today, spot #1 copper cathode was quoted at discounts of 20 yuan/mt to premiums of 100 yuan/mt against the front-month contract, with the average premium up 80 yuan/mt from the previous trading day. The average transaction price was 100,625 yuan/mt, down 610 yuan/mt from the previous trading day.

1 hour ago