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/ Price Assessments

Copper Cathode Assessments

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What are Copper Cathode Assessments?
Copper Cathode - assesses two daily CIF China (basis Shanghai) differentials -- one for higher grade ER cathodes, which generally trade at a premium to generic ER, and the other for copper cathodes produced using the solvent extraction-electrowinning process (SX-EW), which tend to trade at a discount to generic ER cathodes.
Copper Cathode Heards
October 09 2026

Platts Copper Cathode warrants: ER brands tradable heard at $150/mt on Oct. 9, October pricing, according to trader source


Platts Copper Cathode warrants: ER brands trade heard at $130/mt on Oct. 9, October pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $120/mt on Oct. 9, November arrival, November pricing, according to trader source


October 08 2026

Platts Copper Cathode CIF China: EQ brands offer heard at $70/mt on Oct. 8, Nov pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $60/mt on Oct. 8, Nov pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $70/mt on Oct. 8, Nov pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $70/mt on Oct. 8, Nov pricing, according to trader source


October 07 2026

Platts Copper Cathode CIF China: EQ brands tradable heard at $50-$70/mt on Oct. 7, Nov loading, Nov pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $120/mt on Oct. 7, Nov loading, Nov pricing, according to trader source


Platts Copper Cathode CIF SEA: ER brands tradable heard at $105-$110/mt on Oct. 7, November arrival, November pricing, according to trader source


October 06 2026

Platts, 99.99% copper cathode: Indicative premium for COMEX-registered brands seen at spot COMEX plus 5-10 cents/lb, delivered Midwest: US trader


Platts Copper Cathode CIF China: ER brands tradable at $110-$120/mt on Oct. 6, Oct loading, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $50-$70/mt on Oct. 6, October arrival, October pricing, according to trader source


October 05 2026

Platts Copper Cathode CIF SEA: SX-EW brands ttradable heard at $115/mt on Oct. 5, Oct loading, October pricing, according to trader source


Platts Copper Cathode CIF China: SX-EW brands trade heard done at $105/mt on Oct. 5, Oct loading, October pricing, according to trader source


October 02 2026

Platts Copper Cathode CIF China: Top ER brands tradable heard at $135/mt on Oct. 2, October pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $120/mt on Oct. 2, October pricing, according to trader source


Platts Copper Cathode CIF SEA: ER brands trade heard done at $110/mt on Oct. 2, October arrival, October pricing, according to trader source


October 01 2026

Platts Copper Cathode warrants: ER brands offer heard at $120/mt on Oct. 1, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands trade heard at $60/mt on Oct. 1, prompt arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $60-$70/mt on Oct. 1, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands trade heard at 65/mt on Oct. 1, mid-October arrival, October pricing, according to trader source


September 30 2026

Platts Copper Cathode CIF China: EQ brands trade heard at 50/mt on September 30, November arrival, November pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $120-$130/mt on September 30, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 30, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at 50-$60/mt on September 30, October arrival, October pricing, according to trader source


September 29 2026

Platts, 99.99% copper cathode: Indicative value seen at spot COMEX plus 6-12 cents/lb, delivered Midwest: North American producer source


Platts Copper Cathode CIF China: EQ brands tradable heard at $40-$50/mt on September 29, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: SX-EW brands bid heard at $100s/mt on September 29, October loading, October pricing, according to smelter source


Platts Copper Cathode CIF Southeast Asia: SX-EW brands trade heard at $115/mt on September 29, October loading, October pricing, according to smelter source


Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 29, October arrival, October pricing, according to trader source


September 28 2026

Platts Copper Cathode CIF China: EQ brands tradable heard at $50-$60/mt on September 28, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 28, October arrival, October pricing, according to trader source


September 25 2026

Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 25, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $60/mt on September 25, October arrival, October pricing, according to trader source


September 24 2026

Platts Copper Cathode CIF China: EQ brands offer heard at $70/mt on September 24, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $60/mt on September 24, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $110-$120/mt on September 24, October arrival, October pricing, according to trader source


September 23 2026

Platts Copper Cathode CIF China: ER brands tradable heard at $110-$120/mt on September 23, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $50/mt on September 23, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $50/mt on September 23, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $105/mt on September 23, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 22, 2H October arrival, November pricing, according to trader source


September 22 2026

Platts, 99.99% copper cathode: Indicative value for COMEX-registered brands seen at spot COMEX plus 5-10 cents/lb, delivered Midwest: trader


Platts Copper Cathode CIF China: EQ brands trade heard at $40/mt on September 22, early October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands offer heard at $60/mt on September 22, 2H October arrival, November pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $60/mt on September 22, 2H October arrival, November pricing, according to trader source


September 21 2026

Platts Copper Cathode CIF China: ER brands trade heard at $105/mt on September 21, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: EQ brands tradable heard at $70/mt on September 21, October arrival, October pricing, according to trader source


Platts Copper Cathode CIF China: ER brands tradable heard at $110/mt on September 21, October arrival, October pricing, according to trader source

Copper Cathode Premium CIF China

  • Spot activity thin amid China's holiday
  • Positive sentiment toward post-holiday premiums
  • Quiet end-user demand in Southeast Asia


Platts assessed Chinese copper import premiums at $120/metric ton plus London Metal Exchange cash, CIF China, on Oct. 7, for LME-registered normal brands of electrolytically-refined cathode, unchanged from Sept. 30.

The EQ cathode was assessed at $58/mt on Oct. 7, up $3/mt from Sept. 30. The top ER brand differential was assessed at $15/mt, and the solvent extraction-electrowinning differential was assessed at minus $5/mt.

Bids and offers were subdued during the week due to the absence of Chinese participants, while market sentiment remained stable.

SX-EW cathode was heard to have been transacted at $105/mt in the week of Oct. 2, for October loading and pricing.

CCCP was heard transacted at $135/mt on a warrants basis, for October pricing. EQ cathodes were heard transacted at $50-$70/mt, depending on quality and origin, before the holiday in China.

"There should be no changes during the week," a Singapore-based trader said.

As the market expected, supply will remain tight in the fourth quarter, supporting the cathode premium.

"We shall see whether domestic premiums in China remain supported after the holiday, as they are key to supporting copper arbitrage into China," another trader said.

Restocking was observed in Southeast Asia as market participants sourced material to fulfill term contracts.

"Demand from end users is relatively quiet," a smelter source said.

Trades were heard at $110/mt for ER cathodes on a CIF Southeast Asia basis, for Indonesia-origin material.

Platts is part of S&P Global Energy.

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