COPPER CONCS SNAPSHOT: TC/RCs dip as smelter buying picks up; contango aids trader buying

Fastmarkets’ benchmark copper concentrates treatment and refining charge (TC/RC) index fell on Friday May 29 despite the expected return of Peruvian supply.

The index dropped to $49.7 per tonne/4.97 cents per lb from $51.6 per tonne/5.16 cents per lb a week ago.
Most Chinese smelters spoken to by Fastmarkets continue to buy parcels in the low-$50s/5 cents for June-July arrival.

In trader purchases, a...

Published

Anna Xu

Archie Hunter

Julian Luk

May 29, 2020

16:47 GMT

London, Shanghai