Home / Metal News / Copper / [blockbuster] CSPT group meeting determines the TC/RC floor price of copper concentrate in the third quarter
[blockbuster] CSPT group meeting determines the TC/RC floor price of copper concentrate in the third quarter
Jul 3,2020 14:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM7 March 3: according to SMM, the CSPT group held the latest third-quarter Floor price meeting online this morning, and confirmed that the third-quarter TC/RC floor price is 53 US dollars / ton and 5.3 cents / lb, and the SMM June copper concentrate index is 51.71 US dollars / ton.

Due to the great uncertainty of epidemic factors in the second quarter, the floor price was not determined at the quarterly meeting of the group, while the floor price determined in the third quarter was much lower than the US $67 / ton in the first quarter, objectively reflecting the tightening trend in the supply of imported copper concentrates. at the same time, the raw material supply situation in the second half of the year is still very grim.

According to SMM's previous statistics on the supply-side recovery, most of them have recovered, but the process is slow. According to SMM, this week's TC is at 51.37 US dollars / ton, and the focus of the game continues to revolve around the low position of 50 US dollars / tonne. The market is still worried about the prospect of copper production in Chile and Peru, the seller is worried about the uncertainty of subsequent shipments, and the supply of goods in the spot market is still tight.

"Click apply to view SMM metal industry chain data

Earlier, all smelting operations at the Chuquicamata mine of Chile, the world's leading copper producer, were suspended. In addition, BHP Billiton said it would significantly reduce the operation of Chile's Cerro Colorado copper mine-a decision that means gradually reducing the number of workers in the mine in response to the country's new outbreak of coronary pneumonia. Although the Cerro Colorado mine is short-lived and not a large mine, the news has raised concerns about whether Chile, the world's largest copper producer, can maintain high production as the new crown virus spreads.

"Click to participate in the second China (Yingtan) Copper Industry Summit Forum and the 15th China International Copper Industry chain Summit"

Scan the code to sign up for the summit or apply to join the SMM industry exchange group:

Quotation
mining
copper concentrate
processing fee

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news