China’s major copper smelters raise Q4 TC/RCs price floor by 20%

China’s top copper smelters have agreed to raise the price floor for fourth-quarter treatment and refining charges (TC/RCs) by 20% from the prior quarter, sources familiar with the matter told Fastmarkets on Thursday October 17.

The fourth-quarter price floor was set at $66 per tonne/6.6 cents per lb, up from $55/5.5 cents in the third quarter.
The increase follows six consecutive weeks of rises in spot terms for processing copper concentrates.

Fastmarkets’ benchmark copper concentrates TC index, cif Asia Pacific stood at $56.70 per tonne on October 11, rebounding from a low on August 30 of $49.20 per tonne - the lowest since...


Anna Xu

October 17, 2019

09:02 GMT