Copper concentrates TC/RC index supported; traders' buying terms inch up

Fastmarkets copper concentrates treatment and refining charges (TC/RC) index was largely stable week on week due to quiet trading ahead of Lunar New Year on January 25.

The copper concentrates TC/RC index was at $54.30 per tonne / 5.43 cents per lb on Friday January 3, compared little changed from $54.80 per tonne / 5.48 cents per lb a week ago.  The index rose above $54 per tonne at the end of December for the first time since mid-November.  Parcels of varying qualities and quantities were sold to major Chinese smelters in the high $50s-mid $60s, while traders buying terms rose slightly, week on week with some parcels of clean concentrate bought at the low $50s.  There are open tenders for Carmen, Bisha and Escondida concentrate cargoes for shipment between February...

Published

Julian Luk

January 06, 2020

16:36 GMT

London