SMM10, March 17: it is reported that the CSPT team held the latest fourth quarter Floor price price meeting in Shanghai this morning, and finalized the fourth quarter TC floor price at 66 US dollars / ton, an increase of about 11 US dollars / ton compared with 2019 Q3, an increase of 20%.
At the beginning of the year, spot TC prices fell all the way down. However, as the increase in Grasberg copper quota hit the spot market and the supply of concentrate increased, the spot TC price of copper concentrate ended its downward trend so far this year in September.
According to the latest data from SMM on October 11, the spot clean copper concentrate TC quoted US $54-60 / ton, and the transaction center of gravity returned to US $57 / ton. However, at present, overseas mines and smelters are also frequent, buyers and sellers are in a state of game, spot TC prices will remain deadlocked at the current level in the short term.
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