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

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

SMM Insight 02:10:32PM Nov 17, 2016 Source:SMM

SHANGHAI, Nov. 17 (SMM) - Freeport McMoRan Inc. set TCs for copper concentrate under term contracts at $92.5 per tonne for Chinese buyers in 2017, SMM understands.

“The TCs are lower than the market expected as growth in global copper smelting capacity is faster than that in copper ore output.” SMM said. 

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

Price

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#1 Refined Cu
Jul.16
46890.0
90.0
(0.19%)
Standard-Grade Copper
Jul.16
46860.0
90.0
(0.19%)
High-Grade Copper
Jul.16
46920.0
100.0
(0.21%)
Guixi copper
Jul.16
46925.0
100.0
(0.21%)
Low-quality copper
Jul.16
46825.0
95.0
(0.20%)

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

SMM Insight 02:10:32PM Nov 17, 2016 Source:SMM

SHANGHAI, Nov. 17 (SMM) - Freeport McMoRan Inc. set TCs for copper concentrate under term contracts at $92.5 per tonne for Chinese buyers in 2017, SMM understands.

“The TCs are lower than the market expected as growth in global copper smelting capacity is faster than that in copper ore output.” SMM said. 

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