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Home / Metal News / RCs for seaborne blister copper dip from mid-Feb

RCs for seaborne blister copper dip from mid-Feb

Mar 1, 2019 11:39

Source:SMM

As of Mar 1, RCs for imported blister copper were mostly offered at $175-185/mt cif

SHANGHAI, Mar 1 (SMM) – Trades of spot blister copper improved as more downstream buyers recovered as of Friday March 1, which slightly lowered refining charges (RCs) for seaborne materials, SMM assessment showed.

As of March 1, RCs for imported blister copper were mostly offered at $175-185/mt cif, and RCs for domestic materials at 1,500-1,600 yuan/mt, including freight charges. Transactions mostly occurred at low prices, SMM learned.

In mid-February, SMM assessed that RCs for domestic blister copper were offered at 1,500-1,600 yuan/mt, and RCs for imported blister copper at $179-185/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

RCs for blister copper CIF rose further amid value-added tax on gold

Mainstream refining charges (RCs) of domestic blister copper stood at 1,400-1,550 yuan/mt in November, delivery to factory, an average increase of 25 yuan/mt amid positive demand. RCs of imported blister copper stood at $150-165/mt, up $15/mt on average. RCs for blister copper cif rose further as China Customs has levied value-added tax on gold in imported plate-shaped copper anode since October which dampened interest in such products greatly, and blister copper inventories at domestic smelters were abundant.

Dec 3, 2020 10:52

Analysis

RCs for blister copper CIF rose further amid value-added tax on gold

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

China will stay committed to deeper reform and wider opening-up, and will step up efforts to expand domestic demand and increase the vitality for economic development in the face of growing uncertainties and challenges presented by the COVID-19 pandemic, according to a meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee on Thursday July 30.

Jul 31, 2020 14:59

Industry

China pledges further reform and support amid uncertainties

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

Silicon prices returned to a downward trend in June after stabilising in May, as supply increased with ramped-up production in Yunnan and Sichuan, while demand in the domestic and overseas markets failed to post same growth. Trades were thin amid pessimistic sentiment.

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

Tshipi offered South African semi-carbonate manganese ore with 36% Mn, for July delivery to China, at $4.5/mtu, down $0.45/mtu from the first round of offers and down $1.05/mtu month on month.

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

The adjustment brought quotes of terbium oxide to 4.7 million yuan/mt, up 150,000 yuan/mt from a week ago, marking the seventh consecutive week of increase. This followed a rise of 100,000 yuan/mt in the previous week.

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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RCs for seaborne blister copper dip from mid-Feb

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