Shanghai Metals Market (SMM) is launching the SMM Copper Concentrate Index on October 25 2019 to better reflect the spot prices of the copper concentrate treatment charge (TC) in China.
The SMM Copper Concentrate Index, which comprises of the weekly and monthly indices of imported copper concentrate TC, is generated and published in strict accordance with the SMM Copper Concentrate Index methodology.
The weekly Copper Concentrate TC Index is published on Friday, or the last trading day of the week if Friday is a public holiday. The monthly Copper Concentrate TC Index is generated by arithmetic average of the weekly index and is published on the last Friday of the month*.
In addition, the existing SMM copper concentrate TC quotation range update (weekly and monthly) will cease from October 25 2019. SMM Subscribers are still able to get access to the historical data of the copper concentrate TC quotations (weekly and monthly)
For more information on the SMM Copper Concentrate Index methodology, please visit https://news.metal.com/newscontent/100979742/SMM-Notice:-Launch-of-SMM-Copper-Concentrate
*Note: Due to insufficient data from the weekly Copper Concentrate TC Index in October, the first monthly index will be published on November 29.