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Copper TC RCs Remain at 11 Month High-2020 China(Guangzhou)Int’l Non-Ferrous Metal（Copper）Exhibition
3/3/2020 - Copper exhibition -non-ferrous metals expo |
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Fastmarkets’ copper concentrates treatment and refining charges index remains at its highest level since March 2019 last week, with Chinese smelters more active on taking tonnages as production slowly comes back with logistics resumption. At USD 65.80 per tonne/6.58 cents per lb, the index is now at its highest level since late March 2019. It is unchanged after a sharp increase last week. A 10,000 tonne Phu Kham tender for April shipment is open last week with levels of trader purchase TC assessed at high USD 50s to mid USD 60s.
Several Chinese smelters are buying clean concentrates at a range of mid USD 60s to low USD 70s on a cif China basis this week, although by-product sale of sulphuric acid is still difficult for regions close to the quarantined Hubei province.
China Copper, owner of Yunnan Copper’s Ningde and Chifeng smelter, bought 120,000 tonnes of clean copper concentrates for the first half of this year from a major trading house at a TC of more than USD 70 per tonne.
Chinese copper smelter Guangxi Nanguo has resumed intake of concentrates and cathode production. The 300,000 tonne-per-year smelter declared force majeure in early February on shipments of copper concentrates.
有色金属展-铜材展-2020年广州国际有色金属工业（铜业）展览会
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