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25 Jul 2017 | 02:33 UTC — Singapore
Following a period of industry feedback, S&P Global Platts will discontinue publication of the weekly in-warehouse Singapore premiums for copper (MMAMU00), nickel (MMANC00) and zinc (MMANE00) by October 2, 2017.
The final values for these assessments will be published on September 29, 2017.
As Platts has reported, spot activity for copper, nickel and zinc has significantly fallen in recent years.
Stock volumes in LME approved warehouses in Singapore have also remained low, with limited inventories available as a majority was tied to financing.
Market participants have provided feedback that these premiums are no longer the most relevant pricing basis for these metals, and do not serve a purpose as an industry reference.
Any further questions or feedback should be directed to alvin.yee@platts.com, yuencheng.mok@spglobal.com and pricemethodology@platts.com.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.
Platts will consider all comments received and will make comments not marked as confidential available upon request.