SÃO PAULO Spot market premiums for Chilean Grade
A copper cathodes reported a weighted increase of $7.10 per
tonne in October compared with the preceding month, reaching an
average of $77.40 per tonne, according to figures from the
Chilean Copper Commission (Cochilco).
Traders paid the highest spot premiums at $83.20 per tonne in
October, followed by Europe at $82.30 per tonne.
Asia paid $81.20 per tonne, while North America reported an
average of $65.10 per tonne.
South America and other countries had the lowest average for
spot premiums at $30 per tonne.
Grade A copper cathode volumes negotiated in spot contracts
totaled 17,550 tonnes in October, compared with 6,900 tonnes in
Europe acquired 8,750 tonnes in the spot market, followed by
South America and other countries (5,000 tonnes), Asia (3,150
tonnes), North America (400 tonnes) and traders (250 tonnes).
Supply contracts for Grade A copper in October registered a
1.9-percent increase compared with the month before, totaling
an average of $96.40 per tonne, according to Cochilco.
Asia paid the highest supply premiums at $104.80 per tonne,
followed by South America and other countries, which paid
$95.20 per tonne, Europe ($92.10 per tonne), traders ($89.10
per tonne) and North America ($42.30 per tonne).
Volumes negotiated in supply contracts in October totaled
171,985 tonnes, compared with 175,010 tonnes in September.
Asia acquired most of the volumes, with 97,750 tonnes, followed
by Europe with 50,975 tonnes, North America (25,360 tonnes),
South America and other countries (19,950 tonnes), and traders
A version of this article was first published by AMM sister
publication Metal Bulletin.
Grade A copper cathodes correspond to those registered in