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Copper concentrate spot TCs steady ahead of CNY
SMM’s assessment of imported copper concentrate treatment charges (TCs) stood at $74-86/mt as of Friday January 26, down $1/mt from a week ago.
SHANGHAI, Jan 29 (SMM) – SMM’s assessment of imported copper concentrate treatment charges (TCs) stood at $74-86/mt as of Friday January 26, down $1/mt from a week ago.
We expect spot TCs to remain stable at the $80/mt level ahead of Chinese New Year with sluggish trading activity as smelters have mostly finished their restocking.
The malfunction of Pasar and Birla smelters saw some long-term contract cargoes flow into the Chinese spot market but the impact on TCs was rather small, SMM learned.
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