SHANGHAI, Nov 2 (SMM) – Market participants said on Monday that the world’s largest copper miner Codelco will supply copper to Chinese customers with a premium of $105/mt in 2022. This is up 19.3% from this year's $88/mt.
As China is the world's largest copper consumer, this premium is an industry benchmark that has is widely focused on.
Due to the strong copper demand and extremely low inventories, the premium will continue the upward trend next year.
Market participants said that Codelco issued 2022 quotations to Chinese customers, including some state-owned enterprises, on Monday.
The spot copper premium offered by Codelco to European customers last month was $128/mt, the highest level since 2015 and an increase of more than 20% from 2021.
Subsequently, Codelco provided a copper premium to a South Korean customer of $100/mt, an increase of approximately 20% year-on-year.
![Hợp đồng chuyển hạn giải phóng nhu cầu cứng nhắc; chiết khấu tại Bắc Trung Quốc thu hẹp và tăng [SMM Đồng giao ngay Bắc Trung Quốc]](https://imgqn.smm.cn/usercenter/Dtcte20251217171710.jpg)
![Chênh lệch giá lớn giữa các hợp đồng tương lai vào ngày giao hàng; giao dịch giao ngay trì trệ [SMM đồng giao ngay Nam Trung Quốc]](https://imgqn.smm.cn/usercenter/EOMNB20251217171709.jpg)
![Giá đồng cao và nhu cầu suy yếu làm giảm nhiệt huyết sản xuất tại các doanh nghiệp thanh đồng cathode [Phân tích SMM]](https://imgqn.smm.cn/usercenter/TlzAr20251217171709.jpg)
