Spot Copper Refining Charges Seen in Single Digits-Shanghai Metals Market

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Spot Copper Refining Charges Seen in Single Digits

Industry News 02:53:59PM Jun 10, 2010 Source:SMM

 June 9 (Reuters) - Global spot copper concentrate treatment and refining charges (TC/RCs) have fallen to single digit figures from around $10 a tonne and 10 cents a pound in April, copper industry executives said on Wednesday.

There was market talk of recent spot trades in Asia as low as $5 a tonne and 5 cents a pound, executives told Reuters on the sidelines of the Copper 2010 conference.

This would be way down from $15 to $20 and 1.5 to 20 cents achieved by smelters in February and under the $46.50 and 4.6 cents for long term 2010 contracts.

TC/RCs are the fees paid to smelters by mines and traders to refine copper concentrate into metal and are a key part of the global copper smelting industry's income.
 
 

Key Words:  copper concentrate   TC/RC 

Price

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#1 Refined Cu
Apr.22
49450.0
20.0
(0.04%)
Yangshan Copper Premium(Bill of Lading)
Apr.22
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.22
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

Spot Copper Refining Charges Seen in Single Digits

Industry News 02:53:59PM Jun 10, 2010 Source:SMM

 June 9 (Reuters) - Global spot copper concentrate treatment and refining charges (TC/RCs) have fallen to single digit figures from around $10 a tonne and 10 cents a pound in April, copper industry executives said on Wednesday.

There was market talk of recent spot trades in Asia as low as $5 a tonne and 5 cents a pound, executives told Reuters on the sidelines of the Copper 2010 conference.

This would be way down from $15 to $20 and 1.5 to 20 cents achieved by smelters in February and under the $46.50 and 4.6 cents for long term 2010 contracts.

TC/RCs are the fees paid to smelters by mines and traders to refine copper concentrate into metal and are a key part of the global copper smelting industry's income.
 
 

Key Words:  copper concentrate   TC/RC