Copper concentrate TCs unchanged amid CNY lull

SHANGHAI, Feb 6 (SMM) – SMM assessed imported copper concentrate treatment charges (TCs) at $74-86/mt as of Friday February 2, unchanged from a week ago as the holiday mood kicked in.

Trading liquidity was thin and enquiries were few and far between, sources told SMM. We expect the copper concentrate spot market to be quiet until early March.

In the domestic market, the pricing coefficient of clean copper concentrate with 20% Cu stood at 85-86% on a price-to-factory basis, and that of 25% Cu was 87-88%. 

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