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Home / Metal News / Blister copper RCs dip after Jiangxi Copper, Antofagasta set lower 2019 TC

Blister copper RCs dip after Jiangxi Copper, Antofagasta set lower 2019 TC

Nov 19, 2018 17:12

Source:SMM

Imported blister copper RCs were mostly offered at $145-155/mt cif as of Monday

SHANGHAI, Nov 19 (SMM) – As of Monday November 19, refining charges (RCs) for imported blister copper were mostly offered at lower levels from the average price in 2018, as Jiangxi Copper and Antofagasta set the 2019 copper concentrate TC in their long-term contracts at a lower $80.8/mt last Thursday.

Imported blister copper RCs were mostly offered at $145-155/mt cif as of Monday, compared with the average $160-170/mt for 2018. The charges stood at 1,400-1,600 yuan/mt for domestic cargoes delivered to plants. This compared with October’s RCs of 1,600-1,700 yuan/mt.

Transactions were thin on Monday, SMM learned.

Market commentary

Blister copper

Refining charges (RCs)

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Jiangxi Copper and Chambishi, a Zambian blister copper producer under China Nonferrous Metal Mining Group, set the benchmark refining charge (RC) for imported copper anode at $145/mt cif, in their 2021 long-term contracts, rising significantly from the $128/mt in 2020, which indicates market expectations of ample blister copper supply in the future.

Jan 13, 2021 16:44

Industry

Benchmark RC for imported copper anode was set at $145/mt cif in 2021 long-term contracts

China began to levy value-added tax on gold in imported blister copper from October

Mainstream refining charges (RCs) of domestic blister copper stood between 1,350 -1,550 yuan/mt on a delivery to factory basis in October, with the monthly average RCs down 50 yuan/mt from the previous month.

Nov 4, 2020 17:19

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China began to levy value-added tax on gold in imported blister copper from October

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Blister copper RCs dip after Jiangxi Copper, Antofagasta set lower 2019 TC

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo