S&P Global Platts has discontinued its auto-calculated Copper C&F China $/mt All-in price (MMAMJ00) and its conversion into Yuan/mt (MMCSC00), along with all other symbols related to these prices, effective April 1, 2021.
Platts first proposed this discontinuation on Dec. 2, 2020, as part of a move to rationalize the calculated all-in prices and amend the underlying methodology for these numbers.
Platts will continue to publish the Copper C&F China $/mt Fixed Price Equivalent All-in price (MMCUC00) and its averages. This price would be published as a single number and would represent a sum of the assessed premium and the most up-to-date value of the base future (month of assessment plus one). This price was previously published as a low-high range and is calculated as a sum of the assessed premium and the previous day's futures cash settlement.
With these changes, the following assessment codes will be affected:
Copper C&F China (All-in) mt
Copper C&F China Spot Yuan/mt (All-in)
Copper C&F China Fixed Price Equivalent (All-in)
Published as a single number from high-low range previously
The affected assessments are published on Platts Nonferrous Metals Alert fixed page MTL0106 and MTL0419 in Platts Metals Daily, on the Platts Market Center.
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