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

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

SMM Insight 03:19:30PM Jul 03, 2017 Source:SMM

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.
 

Price

more
#1 Refined Cu
Sep.20
47395.0
-65.0
(-0.14%)
Standard-Grade Copper
Sep.20
47380.0
-70.0
(-0.15%)
High-Grade Copper
Sep.20
47415.0
-55.0
(-0.12%)
Guixi copper
Sep.20
47425.0
-55.0
(-0.12%)
Low-quality copper
Sep.20
47330.0
-85.0
(-0.18%)

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

SMM Insight 03:19:30PM Jul 03, 2017 Source:SMM

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.