Adjustment of the metal quotation
The Society DEL-Notiz e.V suspended the DEL notice rate as per February 14th 2022. Today we want to inform you about the adjusted base calculation and future steps, so that we can maintain our business relations without any major changes.
Starting February 15th 2022, we will calculate the copper surcharges as follows:
- In the future, the copper surcharges will be calculated based on the respective official LME quotations that are fixed in US-$ on the stock market. You can see these rates on e.g. the website of the London Metal Exchange (www.lme.com):
Copper: Official LME copper rate (settlement) (USD/to) for copper in US-$
- Prices are converted from US-$ in € every day based on the BFIX Frankfurt 14:00, that is stated on the website (www.bloomberg.com/markets/currencies/fx-fixings).
Currency reference prices (EUR/USD)
- We will apply the standard market conditions for the cathode premium until further notice.
- The copper rates include 1% purchasing costs and are based on 100 kg as in the past
The section on 'Copper' in our latest terms and conditions of payment and delivery is invalid until further notice and will be revised accordingly in the near future.
If you have any further questions, please call your contact at Friedrich Lütze GmbH at any time.
Thank you for your understanding. We look forward to continuing our successful business relationship.