Copper Concentrate Supply Threat Remains, with Spot TCs Unchanged, SMM Reports-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

Copper Concentrate Supply Threat Remains, with Spot TCs Unchanged, SMM Reports

SMM Insight 08:06:44PM Jul 14, 2017 Source:SMM

SHANGHAI, Jul. 14 (SMM) - Spot TCs for imported copper concentrate held stable this past week, according to SMM data. As of July 14, spot TCs for copper ore were offered $80-85 per tonne.  

SMM Copper Demand Surprise Index: China Copper Demand Outperforms Expectation both in June and July 2017

The imported copper concentrate market was quiet this past week, with mainstream offers for clean ore at $80-83 per tonne, and overall supply & demand dynamics was in a stalemate. Large copper smelters relied on long-term contracts, releasing limited demand for spot ore. Offers for blended ore were mainly between $90-95 per tonne. 

In other news, Workers at Zaldivar copper mine in Chile voted for strike, but has not officially started for a government mediation. In addition, Argentina’s federal court has ordered the suspension of activities at Glencore's Alumbrera gold and copper mine as part of a pollution complaint. Hence, global copper ore supply still face threats from uncertainties. 

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


 
 

Copper Concentrate Supply Threat Remains, with Spot TCs Unchanged, SMM Reports

SMM Insight 08:06:44PM Jul 14, 2017 Source:SMM

SHANGHAI, Jul. 14 (SMM) - Spot TCs for imported copper concentrate held stable this past week, according to SMM data. As of July 14, spot TCs for copper ore were offered $80-85 per tonne.  

SMM Copper Demand Surprise Index: China Copper Demand Outperforms Expectation both in June and July 2017

The imported copper concentrate market was quiet this past week, with mainstream offers for clean ore at $80-83 per tonne, and overall supply & demand dynamics was in a stalemate. Large copper smelters relied on long-term contracts, releasing limited demand for spot ore. Offers for blended ore were mainly between $90-95 per tonne. 

In other news, Workers at Zaldivar copper mine in Chile voted for strike, but has not officially started for a government mediation. In addition, Argentina’s federal court has ordered the suspension of activities at Glencore's Alumbrera gold and copper mine as part of a pollution complaint. Hence, global copper ore supply still face threats from uncertainties. 

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