Low Spot TCs Dampen China Copper Concentrate Imports-Shanghai Metals Market

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Low Spot TCs Dampen China Copper Concentrate Imports

Industry News 09:20:19AM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – China’s copper concentrate imports fell by 18,000 tonnes on the month in July, to  970,000  tonnes, Customs data reveal, as lower spot TCs undermined importing interest. 

Spot TCs for clean copper concentrate dropped to an average of $84 per tonne in July, and even below $80 per tonne for some deals. SMM understood that smelters that had ordered more term contracts this year refrained from spot purchases. 

Heading into August, reports about production cuts or disruptions circulated, and some smelters told SMM that it has become more difficult for them to source spot concentrate. That, coupled with persistently low spot TCs, means copper concentrate imports are unlikely to increase this month, probably holding steady from July.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Low Spot TCs Dampen China Copper Concentrate Imports

Industry News 09:20:19AM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 20 (SMM) – China’s copper concentrate imports fell by 18,000 tonnes on the month in July, to  970,000  tonnes, Customs data reveal, as lower spot TCs undermined importing interest. 

Spot TCs for clean copper concentrate dropped to an average of $84 per tonne in July, and even below $80 per tonne for some deals. SMM understood that smelters that had ordered more term contracts this year refrained from spot purchases. 

Heading into August, reports about production cuts or disruptions circulated, and some smelters told SMM that it has become more difficult for them to source spot concentrate. That, coupled with persistently low spot TCs, means copper concentrate imports are unlikely to increase this month, probably holding steady from July.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.