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[SMM Weekly report selected] Copper concentrate spot market continues to stalemate and tight supply expectations remain unchanged
Sep 19,2020 12:29CST
translation
Source:SMM
[SMM Weekly report selected: copper concentrate spot market gridlock and tight supply expectations remain unchanged] as of Friday, the SMM copper concentrate index (week) was at $48.52 / ton, up $0.09 / ton from last week. This week, the spot market of copper concentrate continued to stalemate, the trading range did not change significantly, in addition to the mine bidding for the refinery, the transaction is also relatively light.
The content below was translated by Tencent automatically for reference.

This week, "SMM Copper Industry chain Weekly report" was released, and the editor selected hot topics, prices, market or major changes in the industry chain and published articles for your reference.

As of Friday, the SMM copper concentrate index (weekly) was at $48.52 / tonne, up $0.09 / tonne from last week. This week, the spot market of copper concentrate continued to stalemate, the trading range did not change significantly, in addition to the mine bidding for the refinery, the transaction is also relatively light. On the one hand, there is unexpected maintenance disturbance at the smelting end this week, and the market has some differences on TC, which need to digest and buffer the information; on the other hand, the pace of copper concentrate reserve in the fourth quarter of the refinery is relatively fast, buyers and sellers do not have excessive positions, and some refinery feedback only needs to prepare for the first quarter of next year.

In terms of news, due to unexpected equipment problems in the copper refinery of the Birla Copper refinery in India, one of the production lines will be overhauled for one month from mid-September, and SMM has learned that some copper concentrate raw materials may need to be transferred. There are some disturbances on the demand side of copper concentrate this week, but from the market offer and trading range, the expectation of tight copper supply has not changed, and it is expected that even if TC rises again, it will be slow.

"Click to view the historical price of SMM

Catalogue of "SMM Copper Industry chain Weekly report" in this issue

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Dynamic news of enterprises at home and abroad

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