The Metal Bulletin Copper Concentrates Index was calculated
at $92.70 per dry metric tonne/9.27 cents per lb on Friday
January 15, down 3.4% on levels seen at the end of December.
The index fell as traders booked spot cargoes in the
mid-$80s/8s in private sales and public tenders held during the
period, and a small number of sales to smelters were concluded
in the $90s/9s. Two trade sources said a parcel of Cerro Verde
concentrates had been sold at about $85/8.5, while a tender for
two parcels of Escondida held in mid-December was also said to
have concluded between $82/8.2 and $85/8.5. Traders were also
awaiting the results of tenders for Northparkes and Bisha
concentrates at the time the index was published on Friday.
Participants in the Northparkes tender said it was likely to
conclude in the $80s/8s. While traders were actively purchasing
during the period, there were only a...