Smelters Fails to Reach Agreement with Mining Enterprises on TC of Copper Concentrate-Shanghai Metals Market

Hot Keywords

  • Silicon
  • Nickel
  • Zinc
  • Copper scrap
  • Futures movement
  • Evening comments
  • Aluminium
  • Macroeconomics
  • Inventory data
  • Copper
  • Production data
  • Market commentary
  • MMi Iron Ore Port Index
  • निकल
  • inventory

Smelters Fails to Reach Agreement with Mining Enterprises on TC of Copper Concentrate

Industry News 08:52:12AM Dec 01, 2017 Source:SMM

SHANGHAI, Dec.1 (SMM)-As per six industrial insiders, China’s copper smelters fails to reach agreement with mining enterprises on TC of copper concentrate, which will prolong the negotiation into 2018, because both sides are disputing on short supply and demand. Two trade insiders say the lowest price offered this week is $72.80 per ton and 7.28 cent per pound but t hither two trade insiders and a mining dealer says it would be rational if the price is $78 per ton and 7.8 cent per pound. All 4 metal traders predict both sides will reach an agreement around $85 per ton or 8.5 cent per pound.


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.
 

Key Words:  smelter   copper   concentrate   TC 

Smelters Fails to Reach Agreement with Mining Enterprises on TC of Copper Concentrate

Industry News 08:52:12AM Dec 01, 2017 Source:SMM

SHANGHAI, Dec.1 (SMM)-As per six industrial insiders, China’s copper smelters fails to reach agreement with mining enterprises on TC of copper concentrate, which will prolong the negotiation into 2018, because both sides are disputing on short supply and demand. Two trade insiders say the lowest price offered this week is $72.80 per ton and 7.28 cent per pound but t hither two trade insiders and a mining dealer says it would be rational if the price is $78 per ton and 7.8 cent per pound. All 4 metal traders predict both sides will reach an agreement around $85 per ton or 8.5 cent per pound.


The article is edited by SMM and is provided for information purpose only. It does not mean SMM agrees with its views and SMM assumes no liability for accuracy of information contained or quoted in the article.
 

Key Words:  smelter   copper   concentrate   TC