Platts revises copper concentrate discharge ports, gold payable scales; discontinues brand differentials

Platts, part of S&P Global Commodity Insights, has revised the specifications for its daily clean copper concentrate CIF China assessments to reflect the latest market dynamics, effective Sept. 1, 2022.

Following market feedback, Platts has changed the assessment location to delivered main north China ports from main China ports and split its 5-10 g gold payable scale into two ranges to allow for more granular normalization. Under these changes, Platts may normalize trades delivered to south China ports for freight differentials.

Platts has also discontinued its brand differential calculations so that it can focus on its clean copper concentrate coverage for the most relevant assessments.

Platts originally proposed these changes on June 3 and June 20, and the relevant notes can be found at:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/060322-platts-proposes-to-revise-copper-concentrate-discharge-ports-gold-payable-scales-considers-brand-differential-discontinua

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062022-platts-to-revise-copper-concentrate-discharge-ports-gold-payable-scales-discontinue-brand-differential

The payable scale for 5-10 g gold content changed as follows:

The following assessments are affected by the specifications changes:

The following assessments are affected by the brand differential discontinuations:

The discontinuations follow the launch of two new clean copper concentrate producer-trader differential assessments in December 2021, following market feedback at the time. Platts continues to monitor copper concentrate market trends closely to provide most relevant coverage to industry practices.

Platts clean copper concentrate assessments are published on Platts Nonferrous Metals Alert pages MTL0304 and PMA0304, in Platts Metals Daily, on Platts Market Center, in Platts Dimensions Pro and in the Platts price database under the codes listed above.

Please send comments and questions to platts_asia_copper@spglobal.com and pricegroup@spglobal.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.