PRICING NOTICE: Metal Bulletin proposes to reduce frequency of Shanghai bonded copper stocks assessments

Metal Bulletin is opening a consultation on a proposal to reduce its assessment of Shanghai bonded copper stocks to once a month.

Currently, Metal Bulletin assesses Shanghai bonded copper stocks fortnightly. Under the proposal, the assessment of Shanghai copper bonded stocks will take place on the first working day of each month.

The reduction in frequency of the assessment will align the publication of copper bonded stocks with the other base metals bonded stocks published by Metal Bulletin. Metal Bulletin publishes Shanghai bonded aluminium, nickel and zinc stocks once a month. 

Subject to the results of the consultation, the Shanghai copper bonded stock assessment will be published on the following dates in 2018:

Monday October 1, 2018
Thursday November 1, 2018
Monday December 3, 2018

The consultation period for this proposal will end one month from the date of this pricing notice, on Thursday September 20, with changes taking place from October 1, 2018. The last fortnightly assessment of Shanghai bonded copper stocks will take place on Monday September 24, 2018.

To provide feedback on the prosed reduction in frequency of this assessment, please contact Violet Li by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Violet Li, re: Shanghai bonded copper stocks.

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Glencore’s share price fell sharply on Thursday February 5 after Rio Tinto confirmed it was no longer pursuing a potential merger, ending weeks of speculation about a combination that would have created one of the world’s largest mining companies.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]