[SMM Copper concentrate Review] the market starts to supply long single game points in the first quarter.-Shanghai Metals Market

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[SMM Copper concentrate Review] the market starts to supply long single game points in the first quarter.

Translation 10:52:13AM Nov 05, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Nov. 5 / PRNewswire-FirstCall-Asianet /

The pace of CESCO is getting faster and faster, most of the negotiators are preparing for the meeting chips, the main traders after a quiet guide, the desire to trade is not strong, but for the forward, that is, the supply of goods in the first quarter of next year, the market still shows a strong interest. According to SMM, a clean mine with an offer of around 94 will be shipped in January next year, and there is a good chance of a deal, indicating that the spot supply of copper concentrate will generally remain abundant in the first quarter of next year, while TC will remain high in the short term. In addition, the market forecasts for benchmark are quite different, the main game point is nothing more than 1. The timing of the resumption of production in Vedanta in India, but there is still no exact statement; 2. The impact of domestic environmental protection on smelters; 3. Chinalco Ningde, Jincheng Metallurgy and other new production capacity to reach the time window; 4. Whether the increment of major mines is in line with expectations. We think 80 to 85 is still a high probability range. (SMM grandson Yang)

Key Words:  TC  Mining  processing fee 

Price

more
#1 Refined Cu
Aug.16
46460.0
90.0
(0.19%)
Standard-Grade Copper
Aug.16
46445.0
95.0
(0.20%)
High-Grade Copper
Aug.16
46475.0
95.0
(0.20%)
Guixi copper
Aug.16
46480.0
95.0
(0.20%)
Low-quality copper
Aug.16
46415.0
75.0
(0.16%)

[SMM Copper concentrate Review] the market starts to supply long single game points in the first quarter.

Translation 10:52:13AM Nov 05, 2018 Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, Nov. 5 / PRNewswire-FirstCall-Asianet /

The pace of CESCO is getting faster and faster, most of the negotiators are preparing for the meeting chips, the main traders after a quiet guide, the desire to trade is not strong, but for the forward, that is, the supply of goods in the first quarter of next year, the market still shows a strong interest. According to SMM, a clean mine with an offer of around 94 will be shipped in January next year, and there is a good chance of a deal, indicating that the spot supply of copper concentrate will generally remain abundant in the first quarter of next year, while TC will remain high in the short term. In addition, the market forecasts for benchmark are quite different, the main game point is nothing more than 1. The timing of the resumption of production in Vedanta in India, but there is still no exact statement; 2. The impact of domestic environmental protection on smelters; 3. Chinalco Ningde, Jincheng Metallurgy and other new production capacity to reach the time window; 4. Whether the increment of major mines is in line with expectations. We think 80 to 85 is still a high probability range. (SMM grandson Yang)

Key Words:  TC  Mining  processing fee