Chinese copper smelters seek blister copper to make up for lost copper output

Spot trading interest in copper intermediate products has surged among Chinese smelters who are eager to make up for copper output lost during the coronavirus (2019-nCoV)-led logistics lockdown in February.

Logistics operations are resuming across Chinese provinces and copper production has picked up, leading to several thousand tonnes of blister copper reported as being sold into the country.
Fastmarkets assessed the copper blister 98-99% refining charge (RC), spot, cif China at $135-145 per tonne on Friday February 28, up by $5 per tonne from a month earlier.

At the beginning of last month, availability of imported...

Published

Julian Luk

March 02, 2020

20:20 GMT

London