Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

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

Slow trades bolster offers of blister copper RCs

Apr 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 William Gu at williamgu@smm.cn

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

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

SMM Events & Webinars

All

Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China

Slow trades bolster offers of blister copper RCs

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