Correction to base metals arbitrage calculations for September 28

Fastmarkets’ Shanghai-London arbitrage calculations for base metals were published incorrectly on Wednesday September 28 due to a reporter error,

Fastmarkets has corrected its arbitrage figures for base metals imported to China on September 28.

MB-CU-0361 Copper import arbitrage dollar per tonne should have been calculated at $154.67 per tonne, rather than the published price of $132.98 per tonne.

MB-CU-0362 Copper import arbitrage yuan per tonne should have been calculated 1120.73 yuan per tonne, rather than the published price of 954.10 yuan per tonne.

MB-AL-0289 Aluminium import arbitrage dollar per tonne should have been calculated at $1.29 per tonne, rather than the published price of $3.67 per tonne.

MB-AL-0290 Aluminium import arbitrage yuan per tonne should have been calculated at 9.37 yuan per tonne, rather than the published price of 26.30 yuan per tonne.

MB-ZN-0083 Zinc import arbitrage dollar per tonne should have been calculated at a loss $3.12 per tonne, rather than the published price of a loss of $25.52 per tonne.

MB-ZN-0084 Zinc import arbitrage yuan per tonne should have been calculated at a loss of 22.59 yuan per tonne, rather than the published price of a loss of 183.12 yuan per tonne.

MB-NI-0106 Nickel import arbitrage dollar per tonne should have been calculated at $809.84 per tonne, rather than the published price of $270.09 per tonne.

MB-NI-0107 Nickel import arbitrage yuan per tonne should have been calculated at 5868.09 yuan per tonne, rather than the published price of 1937.88 yuan per tonne.

Fastmarkets’ pricing database, MInD, has been updated to reflect these changes.

For more information or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter, please contact Yingchi Yang by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Yingchi Yang re: Fastmarkets arbitrage.”

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology-and-compliance

What to read next
Critical minerals appear to be exempt from the 'reciprocal' tariffs introduced by Donald Trump on Wednesday April 2; US trade paralyzed by confusion, market participants reported.
This consultation was done as part of our published annual methodology review process. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]
After a consultation period, Fastmarkets has amended the frequency of this price, following positive feedback from market participants and internal data analysis, which suggested lower spot liquidity and price volatility recently. Fastmarkets selects a publication frequency after considering the number of data points (deals, bids, offers, deals heard and assessments) that it can reasonably expect […]
The trade log in the rationale incorrectly identified an offer as a trade. The trade log has been corrected to: Vale, COREX, 170,000 tonnes of 62% Fe Brazilian Blend fines, offered at the June average of Fastmarkets’ 62% Fe low-alumina fines plus a premium of $1 per tonne, laycan May 18-27 (fixed-price equivalent calculated at […]
The publication of Fastmarkets’ MB-AL-0343 Aluminium P1020A spot premium, cif main Japanese ports (MJP) assessment for Wednesday April 2 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following price was affected:MB-AL-0343: Aluminium P1020A (MJP) spot premium, cif Japan, $/tonne The price is a part of the Fastmarkets base metals […]
Fastmarkets is making clarifying changes to the names of six current pallet assessments (listed below) and adding 12 new pallet price assessments.