NEWSBREAK: PPC lowers 2020 copper premium cif China by $3/t – sources

Japanese copper producer Pan Pacific Copper (PPC) has offered its Chinese customers copper cathode supply in 2020 at a premium of $83 per tonne cif Shanghai, $3 per tonne lower than 2019’s level, two sources familiar with the matter told Fastmarkets on Wednesday October 30.

The lower offer comes after the Japanese copper producer raised its 2019 benchmark by $14 per tonne or 19% year on year to $86 per tonne. PPC’s latest offer is $5 per tonne lower than Codelco’s 2020 benchmark offer of $88 per tonne to customers in Asia.
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Published

Sally Zhang

October 30, 2019

05:45 GMT

Shanghai