RFQ Description
Grain Size: 100% crushed below 10mm;
Quality: Minimum Cu 10%, harmful elements well met China Custom's import criterion, Pb <6%, As < 0.5%, F < 0.1%, Cd < 0.05%, Hg < 0.01%, MgO < 1%, Cl < 0.1%, Ni < 0.1%;
Quantity: Trial shipment 300-500MT, then 500-2,000MT/Month afterwards for 12 consecutive months.
Destination Port: PORT OF FANGCHENG, CHINA.
The latest price idea based on CIF PORT OF FANGCHENG, CHINA as follows,
Cu payable:
25% ≤Cu, pay 73% of LME;
24% ≤Cu＜25%, pay 72.5% of LME;
23% ≤Cu＜24%, pay 72% of LME;
22% ≤Cu＜23%, pay 71.5% of LME;
21% ≤Cu＜22%, pay 71% of LME;
20% ≤Cu＜21%, pay 70% of LME;
19% ≤Cu＜20%, pay 69% of LME;
18% ≤Cu＜19%, pay 68% of LME;
17% ≤Cu＜18%, pay 67% of LME;
16% ≤Cu＜17%, pay 66% of LME;
15% ≤Cu＜16%, pay 65% of LME;
14% ≤Cu＜15%, pay 64% of LME;
13% ≤Cu＜14%, pay 63% of LME;
12% ≤Cu＜13%, pay 62% of LME;
11% ≤Cu＜12%, pay 61% of LME;
10% ≤Cu＜11%, pay 60% of LME;
If Cu < 10%, Rejected
at a price equal to the daily London Metal Exchange US$ Copper Grade ‘A’ Cash Settlement quotation price, as published in the London “Metal Bulletin”, averaged over the Quotational Period.
Au payable:
Pay Au from 1g/dmt, 60% of LBMA, if below 1g/dmt, no payable.
Ag payable:
Pay Ag from 100g/dmt, 60% of LBMA, if below 100g/dmt, no payable.
Penalties on MgO%:
3.0%≤MgO＜5.0%, for each 0.1% MgO, Minus/Deduct USD10.0 per DMT;
2.5%≤MgO＜3.0%, for each 0.1% MgO, Minus/Deduct USD7.0 per DMT;
2.0%≤MgO＜2.5%, for each 0.1% MgO, Minus/Deduct USD5.0 per DMT;
1.5%≤MgO＜2.0%, for each 0.1% MgO, Minus/Deduct USD3.0 per DMT;
Quotation Period (QP):
The buyer has the right to price according to the copper content within 90 days after the cargo arrive at the port of destination and picked up by the smelting plant. If the buyer fails to price within 90 days, the price on the last day of the price period is final.
Pls let me know whether this works for you.
BUT ONLY CIF, NOT CFR, AND LC 90/10.
Unconfirmed LC. But direct from state owned
