CSPT cuts 2017 Q1 copper concs purchase price floor by 14%

The China Smelters Purchase Team (CSPT) has set its price floor for copper concentrates for the first quarter of 2017 at $90 per tonne and 9 cents per lb, down 14% from the fourth quarter of 2016, sources familiar with the matter told Metal Bulletin on Friday December 30.

CSPT set its 2016 fourth quarter price floor at $105/10.5 cents.

The target price is close to this year’s benchmark, which was agreed between Jiangxi Copper and Freeport-McMoRan...

Published

Kiki Kang

December 30, 2016

04:30 GMT

Shanghai