Freeport Settles Copper Concentrate Term TCs at $92.5 per tonne for Chinese Buyers in 2017, SMM Reports

The CSPT held a general manager office conference in Shanghai this morning, at which the spot TC/RC guidance price was finalised at $70/mt and￠7.0/lb in Q4. Spot TC has fallen to $30/mt at the end of March, the lowest level in ten years. Many smelters suggested that they could not accept prices below $30/mt. In doing so, the CSPT did not determine the rock-bottom price for Q2, the price in Q3 rose slightly from Q1 and increased sharply in Q4, indicating that the tight supply of copper concentrate was eased.

The CSPT held a general manager office conference in Shanghai this morning, at which the spot TC/RC guidance price was finalised at $70/mt and￠7.0/lb in Q4.

Tianjin Entry Exit Inspection & Quarantine Bureau recently founded over 142 tonnes short weight in a shipload of imported copper concentrate, with shortage rate of 13.9‰ which is worth nearly $250,000

Japan-based Pan Pacific Copper agreed on a 5% cut on copper concentrate TC/RCs to $92.50 per tonne and 9.25 cent per pound by a Chinese copper ore supplier amid supply tightness, wenhua.com reported.

Freeport McMoRan Inc. sees TC/RCs of copper concentrate stabilize or fall slightly for Chinese buyers in 2017, according to wenhua.com.