PPC raises 2019 copper premium cif China by 19% – sources

Japanese copper producer Pan Pacific Copper (PPC) has offered its Chinese customers copper cathode supply in 2019 at a premium of $86 per tonne cif Shanghai, a 19% increase on this year’s level, customers who have received the offer told Fastmarkets.

PPC is Asia’s largest copper smelter outside of China and produces over 740,000 tonnes per year of refined copper. The $86 per tonne annual long contract premium for 2019 is $14, or 19%, higher than the 2018 level. The offer is $2 per tonne lower than Codelco’s benchmark offer of $88 per tonne for 2019. PPC’s 2018 offer was $3 per tonne lower than Codelco’s offer of $75 per tonne. The higher premium this year from PPC is mainly attributed to the smelter’s lower distribution to...

Published

Ellie Wang

December 10, 2018

07:45 GMT

Shanghai