Spot Copper Concentrate TCs Stabilize as Smelters Hold Sufficient Raw Materials, SMM Reports

SHANGHAI, Jun. 21(SMM) – TCs of spot imported copper concentrate were largely steady this past week. SMM quotes for spot TCs were $80-85 per tonne on Friday.

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Spot imported copper concentrate market is extremely quiet in July, SMM noted. Mainstream quotes for clean ore are $80-83 per tonne, with a few deals made at $80-86 per tonne.

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Copper smelters now have sufficient inventories, and have booked goods under term contracts previously. So they reduce purchases under small orders, SMM said. 

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