Is CSPT’s Floor Price for Q3 Copper Concentrate Spot TCs Simply Symbolic? SMM Reports

Published: Jul 3, 2017 15:19

Save

The China Smelters Purchase Team (CSPT) finally decided to set the floor price of spot TCs for imported copper concentrate at $ 86/tonne and ¢ 8.6/lb in Q3.

SHANGHAI, Jul. 3 (SMM) – The China Smelters Purchase Team (CSPT) finally decided to set the floor price of spot TCs for imported copper concentrate at $ 86/tonne and ¢ 8.6/lb in Q3.

If spot TCs fail to reach $ 86/tonne in Q3, the floor price will be simply symbolic, SMM understands.

The level of $ 86/tonne was considered a relatively high price in previous spot deals. Some market players see a small chance for spot TCs to exceed $ 86/tonne in Q3.

Some smelters, however, are optimistic that spot TCs will probably rise further to $ 85-90/tonne in Q3 as they expect concentrate supply in spot market to continue recovering.

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

copper concentrate spot TCs CSPT

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

21 mins ago

Data: SHFE, DCE market movement (Apr 07)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 Apr , 2026

21 mins ago

4 hours ago

Shanghai Copper Market Expected to Stay Pressured, Supported by Supplier Firmness and Downstream Restocking

Looking ahead, the Shanghai spot copper market is expected to remain under pressure. Supply side, although some suppliers offloaded cargo during the day, the discount did not widen significantly. Going forward, suppliers showed a stronger willingness to hold prices firm, with some enterprises controlling the pace of shipments, providing support for spot copper. Available supplies in Jiangsu were tight, further strengthening suppliers' willingness to hold prices firm. Demand side, on the first trading day after the Qingming Festival, downstream enterprises showed high enthusiasm for resuming operations, procurement sentiment recovered, and support from just-in-time procurement remained. Overall, driven by the combined effect of suppliers holding prices firm and downstream restocking, Shangh

4 hours ago

Active Downstream Restocking After the Holiday, Suppliers Holding Prices Firm to Support Stabilization of SHFE Copper Discount [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market remains under pressure. Supply side, although some suppliers offloaded cargo during the day, the discount did not widen significantly. Going forward, suppliers showed a stronger willingness to hold prices firm, with some enterprises controlling the pace of shipments, providing support for spot copper. Available supplies in Jiangsu were tight, further strengthening suppliers' willingness to hold prices firm. Demand side, on the first trading day after the Qingming Festival, downstream enterprises showed high enthusiasm for resuming operations, procurement sentiment recovered, and support from just-in-time procurement remained. Overall, driven by the combined effect of suppliers holding prices firm and downstream restocking, spot prices against the SHFE copper 2604 contract are expected to remain at a discount tomorrow.

4 hours ago