NEWSBREAK: Codelco keeps China, Southeast Asia copper premiums unchanged in 2020 offers [CORRECTED]

The world's largest copper producer, Codelco, has offered customers in Asia 2020 copper cathode supply with premium levels unchanged from current levels, three informed sources told Fastmarkets.

Codelco will supply customers in China cathodes at a premium of $88 per tonne basis cif Shanghai, a level that marked a three-year high when set for 2019 contracts. Southeast Asian customers will also see unchanged offers at $83-per-tonne premiums, the sources said.

The unchanged offers come despite downbeat expectations...

Published

Archie Hunter

Julian Luk

Sally Zhang

October 09, 2019

09:54 GMT

London, Shanghai