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Home / Metal News / China copper smelters raise floor TC to $66/mt for Q4 2019

China copper smelters raise floor TC to $66/mt for Q4 2019

Oct 17, 2019 11:44

Source:SMM

This is up some $11/mt from the previous quarter

SHANGHAI, Oct 17 (SMM) – China’s top copper smelters set their floor treatment charge (TC) for the fourth quarter of 2019 at $66/mt, up some $11/mt from the previous quarter.

The floor charges, the minimum that miners pay smelters to process their copper concentrate into refined metal, were finalised at a quarterly meeting of the China Smelters Purchase Team (CSPT) in Shanghai on Thursday October 17. China is the world’s top copper consumer.

SMM assessed TCs for spot clean copper concentrate at $54-60/mt as of October 11.

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Copper concentrate

TCs

Treatment charges

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As of Friday July 16, the SMM Imported Copper Concentrate Index (weekly) stood at $50.82/mt, $3.74/mt higher than a week earlier, rising for 14 consecutive weeks.

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Spot copper concentrate TCs broke through $50/mt mark

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Antofagasta reached agreement over TCs for long-term contract of copper concentrate with Chinese mainstream copper smelters

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Jun 30, 2021 13:20

Industry

Antofagasta reached agreement over TCs for long-term contract of copper concentrate with Chinese mainstream copper smelters

Traded copper concentrate TCs stood at or above $40/mt despite quiet trades

As of Friday June 25, the SMM Imported Copper Concentrate Index (weekly) stood at $39.4/mt, $1.54/mt higher than a week earlier. Traded TCs stood at or above $40/mt despite quiet trades, which were favourable for smelters.

Jun 25, 2021 17:58

Analysis

Traded copper concentrate TCs stood at or above $40/mt despite quiet trades

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China's copper concentrate imports were 1.92 million mt in April, down 11.51% month on month and 5.32% year on year. Imports totalled 7.88 million mt from January to April, up 4.05% year on year.

Jun 2, 2021 13:43

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Copper concentrate imports dropped slightly in April

Disruptions to overseas shipments exerted greater impact on TCs amid pre-holiday stockpiling

The SMM Copper Concentrate Index stood at $40.12/mt in February, a decrease of $5.88/mt from the previous month. As of February 26, the SMM copper concentrate index stood at $37.15/mt, a month-on-month decline of $4.93/mt.

Mar 4, 2021 10:20

SMM Insight Analysis

Disruptions to overseas shipments exerted greater impact on TCs amid pre-holiday stockpiling

CSPT sets Q4 price floor of copper concentrate TC at $58/mt

CSPT finalised that the price floor of TC at $58/mt, RC at 5.8 cents/pound

Sep 29, 2020 14:19

Industry

CSPT sets Q4 price floor of copper concentrate TC at $58/mt

15th China International Copper Industry Chain Conference: China’s domestic copper concentrate capacity to increase by 14% till 2022

China’s self-sufficiency in copper concentrate will increase by 14% during 2020 to 2022, on the back of new mines commissioning and expansion projects that are expected to lift China’s domestic annual supply capacity, according to SMM’s vice president Racket Hu.

Jul 17, 2020 13:37

Reminder

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In the non-ferrous metals space, copper is an important metal in the China metals market, and is widely traded in the international stock exchanges.

May 14, 2020 18:46

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China’s copper ore, concentrate imports fell 1.2%YoY in January-February

China imported 3.77 million mt of copper ore and concentrate in the first two months of 2020, down 1.2% from the same period last year, according to data from China Customs released on Saturday.

Mar 9, 2020 14:47

Analysis

China’s copper ore, concentrate imports fell 1.2%YoY in January-February

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China copper smelters raise floor TC to $66/mt for Q4 2019

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