Blister copper RCs jump in July on African imports; KCM mine repair ongoing

Spot supply of blister copper improved to boost the intermediate copper product’s refining charges (RC) in July, mainly due to arrival of delayed African cargoes at Chinese ports, Fastmarkets heard.

Fastmarkets assessed 98-99% blister copper RC, spot, cif China at $135-155 per tonne for July, up 20% from $110-132 per tonne one month earlier. A few parcels were even reported being bought close to $160 per tonne during the month, while the majority of deals were settled in the mid $130s to low $150s.

“Many African cargoes booked in April and May have arrived in China in July and August, but the problem is that we do...

Published

Julian Luk

August 04, 2020

12:51 GMT

London