Spot TCs Stabilize for Imported Copper Concentrate, Two Influencing Factors Eyed, SMM Reports

SHANGHAI, Jul. 31 (SMM) - Spot TCs for imported copper concentrate stabilized last week. As of July 28, SMM TCs offers for spot copper ore were $80-85 per tonne, SMM data showed.

Copper Inventories in Shanghai Bonded Zone Decline This Week, SMM Reports 

Trading remained quiet in imported copper concentrate market last week, SMM noted.

Codelco Lowers Copper Output Estimation for Q2

Copper smelters may step up production after maintenance, and are expected to replenish raw material stocks. Besides, strikes at overseas mines and the unforeseen may have effect on future copper concentrate supply. These factors may affect spot TCs in the near term, SMM said. 

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