The refining charges (RCs) for the intermediate product of copper blister, 98-99%, RC spot
, declined to $130-145 per tonne at end of September from $145-155 per tonne a month earlier.
This was the lowest price since Fastmarkets started to assess it in February 2018, and was notably below the $165 per tonne benchmark level
agreed between Jiangxi Copper and Chambishi for contract deliveries, signaling tightness in the spot market supply.
“We hardly have anything to offer on spot,” a...