SHANGHAI, Nov.30 (SMM)－SMM predicts in 2018 global supply of copper concentrates will rise by 650,000 tons. Domestic newly-increased planned capacity of crude copper is 1.2 million tons, which is estimated to put 900,000 tons into operation. Considering time factor, copper concentrate demand of newly-increased capacity is 600,000 tons. Concerning balanced demand and supply this year and limited copper scrap import, a tense balance of demand and supply is to expect in 2018. Hence the predicted price of TC of long-term negotiation in 2018 is $87-90 per ton.
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