[SMM Weekly report selected] supply concerns aggravate spot copper concentrate spot TC offer downgrade

Publicado: Jul 11, 2020 10:43
[SMM Weekly report selected: supply concerns heightened spot TC offer for copper concentrate] as of Friday, the SMM copper concentrate index (week) was at $50.30 / ton, down $1.07 / ton from last week. The Chilean epidemic has cast a shadow over the prospect of copper concentrate supply, which is also the main reason for the downward revision of spot TC offers this week. Turnover in the copper concentrate market is relatively light this week. On the one hand, there is not much supply left in the hands of traders, and refineries are also less willing to accept goods after the reduction in the offer. On the other hand, the SMM Copper Summit will be held in Shanghai next week, and both supply and demand tend to carry out follow-up operations after communication the week after next.

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[SMM Weekly report selected: supply concerns heightened spot TC offer - Shanghai Metals Market (SMM)