COPPER CONCS SNAPSHOT: TC/RC index dips on smelter shorts buying sub $50

Copper concentrate treatment and refining charges (TC/RC) fell in the second week of November while smelters in need of tonnes took to the market for nearby cargoes, sources told Fastmarkets on Friday November 13.


Copper TC/RCs have ticked down after the range for spot terms between traders and smelters narrowed. As a result, Fastmarkets’ copper concentrates TC index, cif Asia Pacific came in at $45.30 per tonne on November 13, down from a four month high of $46.40 per tonne week on week.

Smelters, on the whole, are refraining from buying with annual negotiations in play, but those with shorts to fill are...

Published

Archie Hunter

Julian Luk

November 13, 2020

17:48 GMT

London, Hong Kong