CSPT cuts 2018 Q1 TC/RC purchase price floor by 8%
The Chinese Smelters Purchase Team (CSPT) is to cut its purchase treatment and refining charges (TC/RCs) price floor for the first quarter of 2018 to $87 per tonne and 8.7 cents per lb, sources close to the matter told Metal Bulletin on Friday December 29.
This marks an 8.42% cut on TC/RC floor rates for the fourth quarter of 2017
The decision was made at the gathering of CSPT members in Shanghai on Friday.
The price was 5.76% higher compared with 2018’s TC/RCs benchmark of...