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Home / Metal News / Blister copper RCs rise as quiet trades continue post-CNY

Blister copper RCs rise as quiet trades continue post-CNY

Feb 13, 2019 18:45

Source:SMM

As of Wednesday Feb 13, RCs for domestic blister copper were mostly offered at 1,500-1,600 yuan/mt

SHANGHAI, Feb 13 (SMM) – Quiet trades for domestic spot blister copper lifted offers of refining charges (RCs) from January, SMM assessed on Wednesday February 13.

As of February 13, RCs for domestic blister copper were mostly offered at 1,500-1,600 yuan/mt, and RCs for imported blister copper at $179-185/mt cif.

A month earlier, SMM assessed that RCs for domestic blister copper were offered at 1,450-1,650 yuan/mt, and for imported blister copper at $175-185/mt cif.

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

Blister copper produced from copper scrap is expected to be sufficient in supply

Mainstream refining charges (RCs) of domestic blister copper stood at 1,450-1,550 yuan/mt in December, delivery to factory, an average increase of 25 yuan/mt from the previous month.

Jan 11, 2021 12:20

Analysis SMM Insight

Blister copper produced from copper scrap is expected to be sufficient in supply

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

Industry

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

Analysis: Macro factors have pushed zinc prices to remain firm, how will zinc fundamentals change in H2?

Domestic zinc concentrate supply has tightened this year as COVID-19 drove mining companies across Peru and Mexico to halt production. This, combined with sharp declines in domestic zinc concentrate production, lowered treatment charges (TCs) from a high seen early this year. Large quantities of shipments from other countries pushed China’s zinc concentrate imports to a record high in April.

Aug 10, 2020 11:56

Reminder

Analysis: Macro factors have pushed zinc prices to remain firm, how will zinc fundamentals change in H2?

China pledges further reform and support amid uncertainties

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Jul 31, 2020 14:59

Industry

China pledges further reform and support amid uncertainties

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Jul 15, 2020 14:21

SMM Comments

Silicon prices have bottomed out, uncertainty remains for near-term prices

Cobalt prices underpinned by COVID-19 crisis in Congo, lithium carbonate prices likely to rebound in short term

Near-term prices of cobalt may find some support as stockpiling demand for cobalt salt increased last week after some workers in mining areas of Congo were tested positive for the coronavirus.

Jul 14, 2020 16:17

SMM Comments

Cobalt prices underpinned by COVID-19 crisis in Congo, lithium carbonate prices likely to rebound in short term

Overseas Mn ore offers: Tshipi July offers for South African 36% Mn ore

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Jul 6, 2020 11:49

Reminder

Overseas Mn ore offers: Tshipi July offers for South African 36% Mn ore

China Southern Rare Earth raised terbium oxide prices for the seventh straight week

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Jun 30, 2020 14:45

SMM Comments

China Southern Rare Earth raised terbium oxide prices for the seventh straight week

Tangshan puts all independent steel rolling mills in Fengrun into suspension till end-June

The government of Fengrun district of Tangshan, China’s top steelmaking hub, has urged local steel companies to tighten production controls between 12:00 CST June 27 and 24:00 CST June 30, in the face of unfavourable weather conditions for dispersing air pollutants.

Jun 28, 2020 11:17

Industry

Tangshan puts all independent steel rolling mills in Fengrun into suspension till end-June

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Blister copper RCs rise as quiet trades continue post-CNY

SMM Events & Webinars

APAC (9th) Stainless Steel Industry Conference 2024

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage