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

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

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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

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SMM expects major Chinese copper smelters to agree on 2020 benchmark RCs for seaborne materials at $125-130/mt

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A higher yuan weighed imported blister copper RCs in November

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Blister copper RCs rise as quiet trades continue post-CNY

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