Platts proposes to use same-day LME data in China copper cathode all-in calculations, change publishing schedule

Platts, part of S&P Global Commodity Insights, is proposing to use London Metal Exchange (LME) prices from the same day to calculate its CIF China copper cathode fixed price equivalent (all-in) prices, effective May 2.

The all-in prices currently add premiums or discounts assessed by Platts to underlying LME settlements from the previous day or the latest available value. The change to using same-day LME prices would ensure that the all-in calculations reflect the most current market values.

Platts is also proposing to revise its publishing schedule for China copper all-ins, moving from the Singapore holiday calendar to a schedule that follows Singapore and UK calendars. Under this change, the all-in calculations would be published on days that are working days in both Singapore and the UK.

The daily Platts Copper Spot Premium CIF China (MMAMK00), used in the calculation of the all-in prices, would continue to be published based on the Singapore holiday calendar.

The monthly averages of the all-in prices would be calculated based only on the days when the all-in values are published.

The following all-in prices would be impacted:

Platts updates its pricing holiday schedule on the following webpage: https://www.spglobal.com/commodityinsights/en/our-methodology/holiday(opens in a new tab).

Platts CIF China copper assessments are published on pages MTL0106, PMA0106, MTL0419 and PMA0419 of the Platts Nonferrous Metals Alert, Platts Metals Daily and in the Platts price database.

Platts invites feedback, comments and questions on the proposal to platts_asia_copper@spglobal.com and pricegroup@spglobal.com by March 31.

For written comments, please provide a clear indication if they are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make those not marked as confidential available to the public upon request.