HomeArchitecturalBar MillExtrusionManufacturingSite MapAbout UsContact Us




Comex Copper Surcharge based on Comex Prices
The Comex based copper surcharge is to assist in offsetting the significant capital cost increases caused by the high level of Comex copper prices and their affect on the cost of producing all copper and copper alloy products. This surcharge became effective June 5, 2006 and will apply to orders for all products produced at Rome and New Bedford.
The Comex based copper surcharge is in effect when the previous month's Comex average exceeds $1.50/lb. The surcharge is calculated using the difference between the previous month's Comex average price for copper and $1.50/lb. This amount is multiplied by 2% to determine the surcharge in $/lb.
Visit http://www.nymex.com/cop_fut_spot.aspx to find the monthly average Comex copper price. If you have problems bringing up this page you may need to go to www.nymex.com and click on Copper.  Nymex may ask you to agree with security agreement, then go to Market Data for Copper and click "Spot Average" from the table.  The third column over shows the "Average Spot Settlement Month-to-Date". You can view previous months average by clicking on the "Historical Spot Average".
For May 2008
 Previous month Comex average = $3.94
$3.94 – $1.50 = $2.44
$2.44 @ 2% = $0.0488/lb

May surcharge = $0.0488/lb

Copyright ©2004-2005, Terms and Conditions
Revere Copper Products, Inc. Disclaimer