Home / Metal News / Slow trades bolster offers of blister copper RCs 

Slow trades bolster offers of blister copper RCs 

iconApr 11, 2019 10:31
Source:SMM
Gains may not extend as sellers expect demand to pick up after Apr maintenance across smelters

SHANGHAI, Apr 11 (SMM) – Maintenance at copper smelters slowed trades of blister copper in China's spot market in the month to April 10, and this prompted sellers to hike offers of blister copper refining charges (RCs). 

Cash flow issues reduced purchases from copper smelters in Shandong province, and this also weighed on overall trades. 

As of Wednesday April 10, 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. Both charges stood higher from a month earlier. 

However, gains may not linger in the longer term as sellers expect demand to pick up after April maintenance across smelters. 

Market commentary
Blister copper
Refining charges (RCs)

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All