Chinese Copper Smelters Ask for Higher TC/RCs for Q2 Concentrate Shipments-Shanghai Metals Market

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Chinese Copper Smelters Ask for Higher TC/RCs for Q2 Concentrate Shipments

Industry News 09:43:40AM Apr 01, 2016 Source:SMM

SHANGHAI, Apr. 1 (SMM) – Chinese copper smelters are looking for higher spot TC/RCs for ore shipments during the second quarter, industry insiders said. 

Industry news said Thursday that Chinese copper smelters seek for a 12% rise in spot TC/RCs for Q2 shipments, and this will bring up spot TC/RCs to $90-95 per tonne or cents 9-9.5 per lb. 

What Direction Will Copper Prices Go in April? SMM Interviews

The request for higher TCs is due mainly to the surge in China’s imports of copper concentrate, industry insiders said. 

TC/RCs are the fees smelters charge miners for processing concentrates, and as concentrate supply increases, demand for smelting capacity and the charges also rise, creating higher profits for smelters.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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


Key Words:  TC/RCs  tc/rc copper  tc/rc 2016 

Chinese Copper Smelters Ask for Higher TC/RCs for Q2 Concentrate Shipments

Industry News 09:43:40AM Apr 01, 2016 Source:SMM

SHANGHAI, Apr. 1 (SMM) – Chinese copper smelters are looking for higher spot TC/RCs for ore shipments during the second quarter, industry insiders said. 

Industry news said Thursday that Chinese copper smelters seek for a 12% rise in spot TC/RCs for Q2 shipments, and this will bring up spot TC/RCs to $90-95 per tonne or cents 9-9.5 per lb. 

What Direction Will Copper Prices Go in April? SMM Interviews

The request for higher TCs is due mainly to the surge in China’s imports of copper concentrate, industry insiders said. 

TC/RCs are the fees smelters charge miners for processing concentrates, and as concentrate supply increases, demand for smelting capacity and the charges also rise, creating higher profits for smelters.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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


Key Words:  TC/RCs  tc/rc copper  tc/rc 2016